XRP is currently in a tricky situation – the price is oscillating around the $1.35 mark after experiencing a technical dip this morning. Buyers are now trying to hold this support zone, and so far, it looks like they are succeeding. This appears to be a typical consolidation phase we've been observing since the end of February.

What interests me right now: The price is fluctuating between $1.35 and $1.37, and trading volume spiked briefly this morning when XRP dropped to $1.347. This indicates that selling pressure is still present. Nevertheless, buyers reacted quickly and pushed the price back up – a sign that demand at lower prices remains active, even though the overall trend looks weak.

The current consolidation between $1.35 and $1.36–$1.37 is interesting because such narrow ranges often precede a larger move. If support at $1.35 holds and XRP breaks upward, we could target the $1.40 region. On the other hand: If $1.35 is broken, we should keep an eye on the next support at $1.30–$1.32.

Institutional inflows are currently mixed – XRP products saw moderate outflows at the start of the week, and derivatives activity has also slightly decreased. This explains why we are seeing more of a technical consolidation rather than a strong trend. Traders like me are now watching closely to see if the $1.35 line holds or if we move lower. The next few hours will reveal which direction it’s heading.