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XRP is now trading around $1.33 after falling from $1.38 yesterday. I see buyers still trying to defend the $1.35 level, but the pressure is quite serious with high volume. Whether this support level will hold is key for the next few hours.
From the chart, XRP is in a corrective phase that has been ongoing since late February. Price movements are mostly driven by technical factors, not new news. I noticed a volume spike when it dropped to $1.347, which indicates aggressive selling rather than just liquidity. Traders are now focused: can XRP maintain support at $1.35? If yes, it could rebound to $1.36-$1.37 and maybe continue to $1.40. But if it breaks below $1.35, the next support is at $1.30-$1.32.
Currently, the range is very narrow between $1.35-$1.36, which usually signals a big move is coming. It will be interesting to monitor whether momentum can shift or if this correction will continue further.