XRP has been showing some interesting movements lately. Over the past few days, it has been trading within a range near $1.35, and even during yesterday's sharp drop, buying interest at this level helped support the price. Currently, it has risen to around $1.45, but traders' attention still remains focused on the support level below at $1.35.

From a technical perspective, the situation is a bit complex, as a range has formed between $1.35 and $1.36–$1.37. Trading volume is accumulating in this zone, with buying and selling forces in a tight standoff. There was a moment last week when volume surged, causing the price to dip to $1.347, but it rebounded near $1.35 again.

To summarize the current situation, $1.35 is clearly acting as a short-term support level. If this level holds, there’s a possibility of testing the resistance at $1.36–$1.37, and breaking through that could push the price toward $1.40. Conversely, if it falls below $1.35, the price could drop further to a deeper support zone around $1.30–$1.32.

Recently, institutional fund flows have been relatively inactive, and derivatives trading has been quiet as well. This indicates the market is in a correction phase, where technical levels become more important. Personally, I think how well the $1.35 support holds is key. If it rebounds here, the next target is clear; if it breaks, we should prepare for further declines.