$XRP is sitting in one of those zones where nothing happens…
Price is stuck between $1.38 and $1.44, and technically it looks almost boring - but that’s the trap. What I find interesting here is the balance. Buyers are still clearly defending $1.38, which keeps the structure intact, but at the same time they’re not strong enough (yet) to push through $1.44. That tells me conviction exists - just not enough to force a breakout… for now.
Derivatives confirm that mood. Open interest has cooled off, leverage isn’t overheated anymore, and that actually makes the setup stronger. When the next move comes, it’s less likely to be driven by liquidations and more by real demand.
Spot flows also hint at the same thing - outflows are still there, but weakening. That’s usually how transitions look: first selling slows down, then accumulation quietly steps in.
If
$XRP buyers finally push through $1.44–$1.46, the move can extend fast toward $1.50+ because there’s not much resistance left above. But if $1.38 breaks, then all this “calm” just turns into a reset toward $1.33 where real demand sits.