XRP recovered above $1.30 after heavy buying helped the token break a short run of lower lows. Although the broader trend remains under pressure as the price stays below major resistance levels that have limited every strong rally this year.
The token moved from $1.2959 to $1.3060 during the latest 24-hour session after falling near $1.2693. Trading volume rose sharply during the May 28 session, when 107.9 million XRP changed hands and pushed the price above resistance near $1.29.
Buyers returned near the lower end of XRP’s recent range after weeks of weak price action. The rebound helped the token move back above $1.30, a level traders now view as an important short-term support zone.
Even so, XRP remains stuck below the $1.32 to $1.40 resistance area. A stronger move above this range would be needed before traders can point to a wider recovery attempt. For now, the market remains in consolidation.
The latest move also broke a pattern of consecutive lower lows. That shift gave short-term traders some relief, although XRP still trades inside a wider structure that has kept price direction limited for months.
Market sentiment around XRP has weakened in recent weeks. Santiment data shows the average active XRP trader over the past 30 days is sitting on about 47% unrealized losses.
Crypto analyst CryptoWendyO said recent fear around XRP needs context. She pushed back against comparisons with December 2020 and said some reports leave out the legal shock that hit the token at that time.
The analyst added, “bear markets often lead traders to react emotionally instead of thinking critically.” She also noted that XRP holders have historically taken a longer-term view due to Ripple’s institutional payment focus.
However, she explained that the December 2020 collapse came after the SEC sued Ripple, Brad Garlinghouse, and Chris Larsen over alleged unregistered XRP sales. XRP then dropped from about $0.54 to nearly $0.17.
Recent reports also point to lower Binance liquidity and rising leverage across XRP markets. Thin liquidity can increase the size of price swings when large orders hit the market.
According to market watchers, a breakout higher could trigger a short squeeze, while another breakdown could increase liquidation risk. This setup has kept traders focused on support near $1.30 and resistance near $1.32 to $1.34.
Meanwhile, ETF flow data showed XRP spot ETFs recorded $1.77 million in net inflows on May 28. Solana ETFs also saw small inflows, while Bitcoin and Ethereum spot ETFs recorded outflows of $228.88 million and $121.35 million. Even so, the broader crypto market remains sensitive to Bitcoin’s direction. XRP’s recovery attempt may face pressure if Bitcoin weakens further or if risk appetite drops across major digital assets.
Analyst EGRAG Crypto also drew attention after comparing XRP’s long market compression with Tesla’s earlier trading structure. He said the comparison focuses on macro structure, investor psychology, and expansion behavior.
EGRAG said XRP has shown years of compression, repeated fakeouts, and holder fatigue. He argued that this resembles Tesla’s long struggle around the $20 area before its later breakout.
He placed the chance of the XRP-Tesla fractal continuing at about 50% to 60%. However, he said XRP still needs to reclaim major macro resistance, hold key Fibonacci zones, and survive another liquidity reset.
XRP has failed to hold above the $3 region since its 2018 cycle peak. It briefly moved above that area in 2025, but sellers again capped the rally near the broader $4 zone. Traders are now watching whether the current range marks continued distribution or a longer re-accumulation phase.
Also Read: Can XRP Hit $1.50 as ETF Inflows and Scarcity Grow?