Technical analysts say XRP is tightening within a narrowing range, forming what many describe as a classic compression setup. The $1.39 level continues to act as firm support, while $1.44 remains the near-term ceiling. A decisive push above resistance could open upside targets at $1.50 and $1.62.

XRP was trading around $1.42 as volatility slid to levels last seen before a significant 2024 rally, raising the possibility that the prolonged downtrend may be stabilizing.

Market context

The token is still roughly 61% below its all-time high amid broader market turbulence. However, recent price action points to a slowdown in selling momentum. Instead of sharp declines, XRP has shifted into sideways consolidation, with smaller moves replacing aggressive directional swings.

Historical volatility has fallen to 96 — matching readings recorded in June 2024, when the market established a bottom before advancing into November. That parallel has prompted speculation that XRP may be entering another accumulation phase.

Some traders also draw comparisons to earlier cycle patterns, including the extended range that preceded the 2017 breakout.

Recent price developments

• XRP edged down 0.14% to $1.42
• Support near $1.39 was tested and successfully defended
• Volume spiked roughly 94% above average during the dip
• The rebound lost momentum between $1.428 and $1.431

Technical structure

The key moment came when XRP briefly touched $1.3915 on elevated volume before stabilizing. The subsequent bounce retraced 38.2% of the prior decline, but buying pressure weakened near $1.44, which aligns with the daily pivot and continues to limit upside progress.

Although the broader structure remains cautious below the $1.44–$1.45 range, the firm hold at $1.39 suggests that bearish pressure may be fading. Lower volume during consolidation indicates tightening conditions rather than renewed distribution.

What comes next?

Traders characterize the setup as a volatility squeeze — a period of contracting price action that often precedes expansion.

• A sustained move above $1.44 would shift focus to $1.50 and potentially $1.62.
• A breakdown below $1.39 would expose downside risk toward $1.35.

With volatility hovering near prior cycle lows, market participants suggest the next significant move may hinge less on direction and more on how long the current compression phase persists before a breakout unfolds.