XRP continues to show resilience above the crucial USD 1.38 support level despite recent corrective weakness. While momentum remains modest, the ongoing structure still suggests the pullback could be part of a broader bullish setup, rather than the start of a deeper decline. As long as buyers defend this key zone, the possibility of another move higher remains on the table.
XRP remains above $1.38 as the corrective pullback unfolds
According to a recent analysis by More Crypto Online, XRP remains within a broader range-bound structure. The pullback observed since the May 10 high is currently interpreted as a three-wave corrective decline rather than a definitive trend reversal. This suggests that the recent downward pressure may be a temporary consolidation phase within the larger market cycle.
A crucial part of this outlook is the defense of the key swing low around $1.38. More Crypto Online emphasizes that as long as this specific floor remains intact, the technical structure allows for one more step higher, possibly within a diagonal pattern.
Despite the possibility of upside, the analyst notes that current upward momentum remains relatively weak. The recent price increase bears a striking similarity to the three-wave corrective move that followed the April 5 low.
Technicians are closely monitoring the internal B-wave support zone, which lies between $1.40 and $1.42. More Crypto Online points out that this region has traditionally been difficult to trade as B waves often fail to accurately respect Fibonacci levels. However, the internal target of 100% growth of almost $1.41 has already been achieved, which often serves as an ideal completion point for a three-wave corrective decline.
Ultimately, the market must now prove whether it can find a solid basis within this support region to trigger the next rally phase. More Crypto Online concludes that the prevailing wave count will only remain valid as long as the $1.38 level is successfully defended.
Binance Spot CVD Stability Indicates Silent XRP Accumulation
Crypto analyst Xaif Crypto highlights that XRP is currently showing significant divergence as Binance spot Cumulative Volume Delta (CVD) remains resilient despite the price hovering near local lows. This stability during a prolonged downtrend indicates that selling pressure is being met by strong underlying demand.
While a price decline of this duration typically triggers a sharp decline in the spot volume delta, the current stable numbers suggest that silent institutional accumulation is taking place behind the scenes. Xaif Crypto emphasizes that a similar divergence previously served as a definitive precursor to a sharp market reversal. Given this historical precedent, the current stability in spot volume suggests that XRP may be nearing the end of its consolidation phase and preparing for a trend shift.