XRP Price Rebounds Above $1.30 as Traders Watch Key Resistance Levels

XRP briefly moved above $1.30 after an increase in buying activity, breaking a recent pattern of lower lows, but the token remains under pressure as it continues to trade below major resistance zones that have repeatedly blocked upward momentum this year.

During the latest session, XRP climbed from around $1.2959 to $1.3160, with the strongest activity recorded when volume jumped above 100 million XRP. The recovery, however, lost strength later in the day as price settled into a tight range near $1.30–$1.32.

Market Sentiment Still Deeply Negative

Despite the rebound, sentiment across the market remains weak. Data shows the average active trader is still sitting on large unrealized losses, highlighting continued stress among participants. Derivatives activity has cooled from earlier highs, although leveraged positioning remains elevated on some exchanges.

XRP is now holding above the important $1.30 support level, with immediate resistance seen between $1.32 and $1.40. A stronger recovery would require a break above $1.40, while a drop below $1.30 could expose the asset to further downside pressure toward $1.20.