XRP consolidates near $1.40 with thinning liquidity and compression setting up a potential sharp breakout above resistance.
XRP climbed toward $1.40 on a late volume surge, as traders monitor whether the tightening range between $1.39 and $1.40 will resolve into a larger move. The compression, coupled with thinning liquidity, has heightened expectations for a sharper breakout in either direction.
Analysts point to bull flag and falling wedge patterns as potential catalysts, alongside recent XRP ETF inflows and weaker Binance order books. Resistance is eyed at $1.3930 to $1.3950, while support holds near $1.3825. A break higher could target $1.42, $1.47, and potentially the $1.60 to $1.73 zone.
Over the past 24 hours, XRP traded in a 1.4% range between $1.3787 and $1.3948. A late-session push lifted the price from $1.3879 to $1.39, reflecting growing momentum near key levels.