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Caught something interesting with XRP today - price is hovering around $1.43 but the setup still feels sketchy. Even though crypto ETF flows have turned positive recently with those inflows, the selling pressure keeps coming back, which tells me rallies are getting sold into rather than accumulating.
Looking at the technicals, what stands out is rising volume paired with weak recovery attempts. XRP keeps getting rejected around $1.37-$1.38, and it's underperforming the broader crypto market, suggesting capital is rotating elsewhere. The exchange liquidity has dried up too, which means once support breaks, things could move fast.
The key level to watch is $1.33 as immediate support, but if that cracks, $1.28 is where things could really accelerate lower. On the flip side, XRP needs to reclaim $1.35 and push past $1.38 to shift momentum back up. Right now the structure still looks weak - we're seeing lower highs and the price is stuck below major moving averages. Until we get a real reversal signal, this feels like a downtrend with bounces, not a reversal setup.