Gate News update: XRP’s price has recently been trading in the $1.339 to $1.35 range, boosted by news of stalled U.S.-Iran ceasefire talks, with a single-day gain of about 3%. Although the rise has lagged behind Bitcoin and Ethereum, active buy-side demand helped XRP rebound from the demand zone at $1.28 to $1.29 and regain the $1.30 to $1.32 range. Analyst CW noted that the $1.34 to $1.355 range is a key red supply zone; if bulls can successfully close above it, the next focus will be $1.42, while resistance at $1.47 to $1.50 may make $1.45 a potential target.
On the downside, $1.31 to $1.32 is the support zone. If price breaks below that level, $1.28 will become the bottom support, and further downside could pull price back into the consolidation range. CryptoQuant analyst Maartunn said that total open interest has risen to $951 million, while the funding rate has turned negative, indicating that bearish pressure is clearly building. The total amount liquidated above the price is concentrated at $3.06B, including about $319 million near $1.356. If that resistance is breached, shorts may be forced to cover, potentially creating a short-term squeeze.
Santiment data shows that over the past year, the average investment of active XRP Ledger wallets has fallen by 41%. MVRV is at its lowest level since the 2022 FTX collapse, and traders are broadly in a deep-loss position. Monday’s rise was mainly driven by macro events, with limited connection to specific Ripple-related news. The market is still waiting for U.S. economic data, including the Federal Reserve meeting minutes on Wednesday, personal consumption expenditures (PCE) inflation data on Thursday, and the Consumer Price Index (CPI) release on Friday.
Since nearing the $3.60 high in July 2025, XRP has formed a descending channel, and the price has failed to break out of that channel at $3.18, $3.10, $2.41, and $1.60. In the short term, investors should watch key resistance and support levels and stay alert to potential volatility opportunities that could be caused by a short squeeze.
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