XRP has risen to $1.46, but it still hasn’t clearly broken through the $1.44 resistance. After Bitcoin climbed to nearly $80,000 the other day, it looks like profit-taking has started across the broader market.

What I’m focusing on is that GraniteShares’ 3x leveraged XRP ETF was postponed to May 7, which removes the short-term buying catalyst. With sellers pushing back around $1.44, and the price drifting back toward the $1.42 area, it seems the market still isn’t fully convinced to test the upside.

Technically, it looks like price action is being squeezed and traded in a range between $1.44 and $1.40. Trading volume is increasing, but there isn’t enough sustained buying to confirm a breakout. Failed breakouts like this often signal the start of a correction phase, so I’m watching to see whether the price will break below the $1.40 support while keeping the Tyson line in mind. If it does break, the risk of downside pressure could rise.