#Gate广场五月交易分享 XRP price holds above $1.38, with a continued pullback trend

According to the latest analysis from More Crypto Online, XRP remains in a range-bound consolidation structure. The pullback since the high on May 10 is currently interpreted as a corrective three-wave decline, rather than a clear trend reversal. This suggests that the recent downward pressure may be a temporary consolidation phase within a larger market cycle. The key point of this view is to hold the critical low near $1.38.
More Crypto Online emphasizes that as long as this low remains intact, the technical structure allows for further upward movement, and it may even form a diagonal pattern. Although there is potential for an upward move, analysts point out that the current bullish momentum is still relatively weak. The recent price increase is very similar to the three-wave correction after the April 5 low.
Technical analysts are closely watching the support zone within the $1.40 to $1.42 range for Wave B. More Crypto Online notes that this zone has historically been difficult to trade because Wave B often cannot precisely follow Fibonacci retracement levels. However, the internal 100% extension target near $1.41 has been reached, which is typically an ideal completion point for a Wave C correction. Ultimately, the market must prove whether it can stabilize within this support zone to trigger the next rally.
More Crypto Online believes that only by successfully holding the $1.38 level can the current wave count be considered valid.

BN Spot CVD Price Stability Suggests XRP May Be Quietly Accumulating
Crypto analyst Xaif Crypto points out that although XRP price hovers near recent lows, the BN spot cumulative volume delta (CVD) remains strong, indicating a significant divergence. Maintaining this stability in a long-term downtrend suggests that selling pressure is supported by strong underlying demand. While such a prolonged price decline usually leads to a sharp drop in spot trading volume delta, the current stable indicator suggests that institutional investors are quietly accumulating. Xaif Crypto notes that similar divergences have previously been clear signs of market reversals. Given this historical precedent, the stability in spot trading volume indicates that XRP may soon end its consolidation phase and prepare for a trend reversal.