XRP continues to show resilience above the crucial $1.38 support level despite 
recent corrective weakness. While momentum remains modest, the ongoing 
structure still suggests the pullback may 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 leg higher remains firmly on the table. XRP 
Holds Above $1.38 As 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 corrective three-wave 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. Related Reading: XRP Pulls 
Back, But TD Sequential Flashes Buy Signal A critical component of this 
outlook is the defense of the key swing low situated around $1.38. More Crypto 
Online emphasizes that as long as this specific floor remains intact, the 
technical structure allows for another move higher, potentially within a 
diagonal pattern. Despite the possibility of an upward move, the analyst notes 
that current upside momentum remains relatively weak. The recent price advance 
bears a striking resemblance to the corrective three-wave 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 is traditionally difficult to trade, as B-waves often 
fail to respect Fibonacci levels with precision. However, the internal 100% 
extension target near $1.41 has already been reached, which frequently serves 
as an ideal completion point for a corrective three-wave decline. Ultimately, 
the market must now prove whether it can find a firm footing within this 
support region to trigger the next rally phase. More Crypto Online concludes 
that the prevailing wave count remains valid only as long as the $1.38 level 
is successfully defended. Binance Spot CVD Stability Hints At Quiet XRP 
Accumulation Crypto analyst Xaif Crypto highlights that XRP is currently 
exhibiting a significant divergence as Binance spot Cumulative Volume Delta 
(CVD) remains resilient despite the price hovering near local lows. This 
stability during a prolonged downtrend suggests that selling pressure is being 
met with firm underlying demand. Related Reading: XRP Momentum Fades As Bulls 
Fail To Hold Breakout Zone While a price drop of this duration usually 
triggers a sharp decline in spot volume delta, the current steady metrics 
suggest quiet institutional accumulation is occurring behind the scenes. Xaif 
Crypto highlights 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 
conclusion of its consolidation phase and preparing for a trend shift. 
Featured image from Freepik, chart from Tradingview.com

XRP Firm Position Above $1.38 Could Open The Door For Another Leg Up

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XRP Firm Position Above $1.38 Could Open The Door For Another Leg Up

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