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XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture
XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year.
May 29, 2026, 5:01 a.m. 2 min read
What to know:
- XRP has bounced from late-May lows and briefly pushed above $1.30 on strong volume, but it remains well below levels that would confirm a lasting trend reversal.
- Sentiment is deeply negative, with the average active trader sitting on large unrealized losses even as some analysts see conditions that have historically coincided with local bottoms.
- Traders are watching $1.30 as key support and $1.32 to $1.40 as nearby resistance zones, with a break of this multi-month range likely to trigger a larger volatility move.
• Analysts remain divided between a final washout lower and the start of a recovery phase, with several pointing to deeply negative sentiment readings that historically appeared near local bottoms.
• Derivatives activity has cooled from earlier peaks, although speculative positioning on Binance remains elevated relative to recent averages.
Price Action Summary
• XRP rose from $1.2959 to $1.3060 during the 24-hour session, recovering from lows near $1.2693.
• The strongest move came during the May 28 14:00 UTC session, when volume surged to 107.9 million XRP and pushed price through resistance near $1.29.
• Momentum faded later in the day, with XRP settling into a narrower consolidation range between roughly $1.30 and $1.32.
