XRP clawed back above $1.30 on Tuesday, driven by a sharp surge in trading volume that ended a run of consecutive lower lows. The move comes as buyers stepped in aggressively, snapping up tokens at a pace not seen in weeks. But the cryptocurrency still sits below major resistance levels that have shut down every rally attempt in 2024, and the broader bearish trend remains intact.
A break in the pattern
Until this latest push, XRP had been printing lower lows — each dip falling below the one before — a classic sign of seller dominance. Tuesday’s volume spike interrupted that sequence. Data from major exchanges shows a notable uptick in buy orders, particularly on spot markets, suggesting retail and possibly institutional interest at the current price zone. The rebound lifted XRP from recent lows near $1.20, a level that had acted as a floor in previous weeks.
Still, one strong day does not a trend reversal make. The rally ran into selling pressure near $1.35, a threshold that has repeatedly proved stubborn.
Still below resistance
The $1.40–$1.45 band has capped every meaningful upward move in XRP this year. Each time price approaches that zone, volumes dry up and sellers emerge. Tuesday’s bounce is no different — the token is still trading below that ceiling. For a sustained recovery to take hold, XRP would need to close decisively above $1.45 on elevated volume. So far, that has not happened.
The technical picture shows a descending trendline drawn from the February highs, which currently sits around $1.42. Buyers have been unable to pierce it in four attempts since March. Until that line breaks, the path of least resistance remains downward.
Bears remain in charge
Despite the intraday surge, the broader market structure favors sellers. The 50-day moving average is sloping lower, and the relative strength index, while off oversold levels, has not yet entered bullish territory. Funding rates on perpetual futures contracts have flipped negative again, indicating that short sellers are still willing to pay to hold positions.
This is not a breakout. It is a recovery within a downtrend. The fact that XRP rallied hard on heavy volume but could not hold above $1.35 tells traders that the supply overhang at higher prices remains formidable. Without a catalyst — such as a favorable court ruling or broader market rally — the rebound could fizzle.
The question now is whether buyers can defend the $1.30 level in the coming sessions. If they can, XRP may consolidate and build a base for another attempt at resistance. If they fail, the lower-low pattern could resume, with the next support around $1.15. Traders are watching order books closely for the next move.
