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Just now, I observe XRP being held at the support level of $1.35. The token has been traded today within a relatively narrow range of about 1.9% and initially dropped to $1.3473 before buyers quickly stepped in and stabilized the price. Interestingly, the trading volume has increased significantly during this process.
The current situation looks like this: XRP is currently consolidating between the support at $1.35 and resistance in the $1.36 to $1.37 range. This narrow range usually indicates that a larger move is imminent once enough liquidity has been accumulated. The 24-hour data shows a high of $1.40 and a low of $1.35, with a decline of about 1.02%.
What I find interesting: Despite the broader correction phase that has been ongoing since the end of February, buyers are stubbornly holding on during pullbacks. This suggests that demand at these levels is still active. If the $1.35 support remains intact, XRP could attempt to target the resistance at $1.36 to $1.37, with a possible target toward $1.40. However, if the price breaks below $1.35, the next support would be in the $1.30 to $1.32 range. Many traders are closely watching these levels as the market consolidates and waits for the next impulse.