XRP Price Prediction: $1.35 Range Test After $1.40 Support Break
XRP is testing a critical zone after losing the $1.40 support. The token is now consolidating around $1.35–$1.37, after CoinCodex data showed a 7.3% weekly drop to about $1.35.
Analyst Tom Tucker highlights a “market paradox”: even as XRP weakens, long positions and open interest are rising. That divergence suggests traders may be building a hidden demand/support base, which could support a rebound if resistance breaks.
Key levels are forming for short-term direction. XRP is trading near the $1.375 resistance area that aligns with the 100-hour SMA. If XRP fails to reclaim $1.40, Tucker warns it could slide toward the $1.30–$1.335 range.
Broader context is mixed. Altcoins remain subdued versus Bitcoin, with only about 5% of tokens on Binance trading above their 200-day moving averages. Still, XRP’s relative strength is attracting dip buyers.
Outside price action, the article notes Africa’s crypto market has surpassed $205 billion and that XRP leverage has reportedly fallen. That shift may be changing liquidity and trader positioning, potentially affecting how XRP reacts to breakouts or breakdowns.
Traders watching XRP should focus on whether price can reclaim $1.40 and break above ~$1.3750, or whether rising positioning turns into downside as the market revisits $1.30–$1.335.
Neutral
The news is best treated as neutral because it mixes a bearish technical trigger with bullish positioning signals. XRP losing $1.40 support and hovering near the $1.3750 resistance/100-hour SMA is a downside risk. However, rising long positions alongside increasing open interest suggests traders are accumulating exposure rather than fully exiting—often a precursor to stabilization or a rebound if resistance is reclaimed.
Historically, similar “price down but OI up” setups can lead to two paths: (1) a squeeze higher when resistance breaks (bullish reversal), or (2) a momentum breakdown if support fails and leveraged longs get forced out (bearish continuation). The article’s conditional levels ($1.40 reclaim vs. $1.30–$1.335 downside) reinforce that traders should wait for confirmation.
Short-term impact: elevated volatility around the $1.3750 and $1.40 zones; expect stop-runs and sharper moves if those levels fail/hold.
Long-term impact is less direct: the noted regional shift (Africa market growth) and changing leverage can gradually alter liquidity and order-book dynamics, but the immediate driver for trading remains the technical level structure and derivative positioning.