bullish

<p>XRP has drawn attention in the crypto market lately, fluctuating between $1.33 and $1.34. According to CoinGecko, XRP’s market capitalization now stands at $82.64 billion, and its 24-hour trading volume has reached $1.41 billion. The token experienced a marginal daily loss of 0.32 percent. Technical indicators currently suggest that downward pressure is persisting.</p>
<h2 id="key-support-and-the-technical-outlook">Key support and the technical outlook</h2>
<p>XRP’s efforts to maintain support at the $1.35 level are being closely watched by many analysts. Market commentators underscore that this area represents a crucial support zone for XRP. Technical expert Ali Martinez notes that XRP is now testing the lower boundary of its ascending channel. This region is generally considered an area of strong buying interest, but if a clear break occurs, the price could first drop to $1.33, and potentially to $1.31.</p>
<blockquote>
 <p>Ali Martinez believes tracking XRP’s lower band in the ascending channel is critical, with short-term targets of $1.37 and $1.40 taking shape.</p>
</blockquote>
<p>In the hourly timeframe, a downward channel has formed, with upper resistance at $1.3380. The XRP price has now dipped below the 38.2% Fibonacci retracement level, which spans from $1.2658 to $1.3642. This technical breakdown signals a risk that the weakness may persist further.</p>
<p>Despite this, the price remains above $1.3150 and the 100-hour simple moving average. Should the $1.35 level be broken downward, that area could become the next key support point.</p>
<p>Glossary: Fibonacci retracement is a tool in technical analysis used to identify possible pullback levels by marking key percentages, commonly 23.6, 38.2, 50, and 61.8 percent. These levels help traders spot support and resistance zones.</p>
<h2 id="commentary-from-market-experts">Commentary from market experts</h2>
<p>Digital asset analyst Josiah Gallegos stated on X that XRP is at a pivotal point in terms of its short-term direction. He explained that a break above the prevailing downtrend line could trigger strong bullish momentum, but if this barrier holds, selling pressure could escalate. Gallegos emphasized the importance of monitoring daily closes and high-volume breakouts in the coming days.</p>
<h2 id="short-term-resistance-and-support-levels">Short-term resistance and support levels</h2>
<p>Technically, XRP holding above $1.35 is interpreted as positive for buyers. The first notable resistance lies at $1.3380 and $1.3420. If those are broken, the price could approach its recent peaks at $1.3500, $1.3580, and $1.3642. Sustained movement above $1.3500 is likely to reinforce bullish expectations. Further resistance may appear at $1.3650 and $1.3740.</p>
<p>Conversely, if the price weakens, it may slip back toward $1.3150. Should that support give way, technical analysis points to possible retreats to the $1.3120 to $1.3050 range. If selling persists, new support might form at $1.2920 and $1.2880.</p>
<h2 id="market-structure-and-trading-volume">Market structure and trading volume</h2>
<p>The narrow trading range between $1.35 and $1.40 is currently creating a short-term standstill for traders. In the absence of significant news or events, technical levels are taking on greater importance. XRP ranks among the top five crypto assets by daily trading volume after <a href="https://en.coin-turk.com/bitcoin-price-analysis-mixed-signals-as-btc-hovers-above-25700-support/" rel="noopener noreferrer nofollow">Bitcoin</a>, representing 3.32 percent of the total market. The 24-hour volume of $1.41 billion suggests that participants are awaiting a clearer direction.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-hovers-at-1-33-as-daily-volume-hits-1-41b/" rel="noopener noreferrer nofollow">XRP hovers at $1.33 as daily volume hits $1.41B</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP hovers at $1.33 as daily volume hits $1.41B

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