XRP is holding near $1.38, a zone where roughly 3.2 billion tokens previously changed hands, making it a pivotal area for the token's next move. Such high-volume areas are closely watched by traders because large concentrations of prior trading activity often act as decision points where either buyers step in to defend the level or sellers overwhelm it.

Resistance levels at $1.60, $1.68 and $1.86 could cap XRP's gains unless buyers regain strong momentum. A break above $1.45-$1.47 may open the path toward $1.50, while a loss of $1.38 could expose stronger support near $1.35.

According to analyst Ali Charts (on X), XRP is testing a major support zone after a 20% correction from its recent high. The token rallied 71.8% from $0.988 to $1.698 before falling toward the $1.35-$1.38 area. Ali Charts identified approximately 3.2 billion XRP traded in that region, making the zone central to the current price setup.

XRP Tests Heavy Demand Near $1.38

The XRP/USDT one-hour chart shows price around $1.39, with the latest candle down 0.28%. Price remains range-bound with a mildly bearish bias after the token rejected the $1.65-$1.67 region. Since that rejection, XRP printed a sequence of lower highs before reaching the $1.37-$1.38 area.

Buyers later pushed the token toward $1.46-$1.47 around Aug. 27-28, but the rebound failed to produce a sustained breakout and sellers returned, sending XRP back toward $1.39. Immediate support sits around $1.38-$1.39, while stronger support appears at $1.35-$1.36. The repeated failure to hold gains above $1.46 is the kind of price action traders track when assessing whether a range will resolve higher or lower, and subsequent retests of the $1.38 area offer a clearer signal of whether demand at that level is holding.

Resistance Levels Stack Above XRP

Ali Charts listed $1.60 as the first resistance, a level where 1.99 billion XRP previously traded. Next is $1.68, where about 1.98 billion XRP changed hands. Above that, $1.86 carries the largest listed resistance volume at 3.47 billion XRP. Stacked resistance of this kind, where multiple high-volume price bands sit close together overhead, typically requires substantially stronger buying pressure to break through than a single isolated level.

A move above $1.86 would put $2.19 on the radar, where 3.12 billion XRP were previously traded.

Meanwhile, technical indicators point to limited short-term strength. The RSI stands at 53.65, above its 51.69 average, keeping momentum slightly positive without reaching overbought territory. An RSI reading in the mid-50s signals mildly constructive momentum but is far from the 70 threshold typically associated with overbought conditions.

XRP Momentum Shows a Mixed Setup

The MACD also records a small improvement, with its histogram at 0.0010. The MACD line sits at 0.0008, while the signal line remains at -0.0002. Those readings indicate improving momentum, although the small values point to limited strength. A histogram in positive territory with the MACD line above the signal line is conventionally read as early-stage bullish momentum, but the marginal magnitude here keeps the signal tentative.

For now, XRP remains near $1.40 as traders monitor the nearby support and resistance levels. A break above $1.45-$1.47 could open the path toward $1.50, while a move below $1.38 could expose the $1.35 support area.