XRP faces $1.35 sell wall; break could target $1.45
XRP price is trading around $1.339 after rebounding from the $1.28–$1.29 demand zone. Buyers pushed XRP back into a short-term supply area between $1.34 and $1.35, where the chart has capped price repeatedly.
Near-term levels: Resistance sits at $1.34–$1.35. A clean break and close above this zone could open the way toward $1.42, then the next supply cluster near $1.47–$1.50, keeping $1.45 in focus if the sell wall fails. If momentum fades, the first support is $1.31–$1.32, followed by the more important $1.28 level.
Derivatives signals: Open interest rose from $892M to $951M as XRP fell below $1.31, the highest reading in over two weeks. Funding remains negative (around -0.0010), suggesting shorts are paying longs and bearish positioning is building. Liquidation clusters total about $3.055B, including a notable ~$318.57M cluster near $1.356—potentially supporting a short squeeze if XRP rallies into that area.
Broader trend: Despite the bounce, XRP remains inside a falling channel formed after the July 2025 peak near $3.6. Repeated failed breakouts at prior resistance points (e.g., around $3.18, $3.10, $2.41, and $1.6) reinforce that the current test is not yet a confirmed trend reversal.
Neutral
The article frames a near-term XRP setup that is mixed. On the bullish side, open interest jumped as price fell and funding stayed negative, which can mean shorts are being added; combined with a large liquidation cluster near $1.356, a breakout above the $1.34–$1.35 sell wall could trigger a short squeeze and faster upside toward $1.42 and possibly $1.45.
However, the same chart analysis warns the move is still a test of overhead supply, not a confirmed breakout. The broader structure remains a falling channel with multiple past failed resistance attempts, which often leads to rallies fading unless price repeatedly closes above key levels.
So traders should expect elevated volatility around $1.34–$1.35: a rejection likely drags XRP back toward $1.31–$1.32 and then $1.28, while a confirmed close above the sell wall improves the odds of a sustained move. Long-term, the falling channel suggests broader caution until XRP proves it can break and hold higher highs.