XRP moved back above $1.40 in early Asian hours on a broader move in crypto markets, with resistance moving through a sharp surge in volume that tends to signal real positioning and shifts the focus to whether this level now holds in the event of a pullback.
News context
• Bitcoin rose during the same window, helping to reinforce broader risk sentiment in crypto markets.
• XRP is trading in a tight range of $1.35 to $1.45, with the latest move marking another attempt to break out of this squeeze.
Price Action Summary
• XRP rose from $1.3840 to $1.4065, surpassing resistance near $1.3990.
• The movement accelerated over the last hour, with the price clearly exceeding $1.40.
• Price now holds just above the breakout zone, consolidating near $1.4040 to $1.4060.
Technical analysis
• The key change is the recovery of $1.40, which had capped recent attempts higher.
• Expanding volume in the move confirms participation rather than a surge of low liquidity.
• The structure shows higher lows in the breakout, suggesting underlying supply strength.
• The wider range remains intact, but pressure is building for directional movement.
What traders should watch out for
• $1.40 is now the pivot. By holding it above, the escape remains intact.
• $1.41 to $1.42 is the next resistance area that needs to clear to continue.
• A return below $1.40 would signal a failed breakout and bring the price back into the range.
