Two consecutive liquidity sweeps above $1.59 on the XRP weekly chart have failed to hold, flipping the Candle Range Theory (CRT) setup bearish and pointing to a near-term target at the range low of $1.15. The weekly range, defined by a high of $1.64 and low of $1.15, has contained price since February, with the renewed rejection confirming the lower boundary as the next logical draw. Meanwhile, XRP spot ETF flows underscore waning institutional momentum: on May 28, Bitwise alone saw $1.77 million in outflows, while four of five products recorded zero net flows. At press time, XRP traded at $1.3184, sliding toward the lower half of its weekly candle range.
A separate perspective emerged after XRP briefly plunged to $1.27 — a move described by commentator Rosa as a “classic liquidity flush” that triggered stop-losses before rapidly reclaiming levels above short-term moving averages. The recovery rekindled short-term rebound hopes, though technicals remain mixed. A falling wedge pattern has formed on lower timeframes following the rejection near $1.51, with analysts identifying a descending trendline breakout target at $1.4270. If bulls can secure a daily close above this trendline, the pattern commonly associated with trend reversals could shift momentum upward. Beyond that, the $1.50–$1.51 region sits as the next major resistance.
Analyst @josiahmarqus described XRP as being at a “make-or-break zone” after months of downward pressure, with the token testing a critical $1.30 support at the lower boundary of a year-long descending channel. A confirmed break above the channel resistance could open a path toward the $2.00–$2.40 range, while failure risks another downside leg. Another analyst, @ox__Wick, highlighted the $1.22–$1.30 band as a short-term accumulation zone, projecting a possible bullish impulse toward $2.00–$2.36 before broader bearish continuation risks resume. Despite these bullish scenarios, oscillators like the RSI hover in neutral territory (40–50), and moving averages across the 10, 20, 30, and 50 periods remain above price, signaling persistent bearish momentum. The MACD continues to display negative signals, and XRP still trades well below its 100-day and 200-day moving averages. For now, the $1.29–$1.24 support zone is critical; a breakdown would weaken the recovery, while a decisive push above $1.40–$1.50 is needed to confirm a bullish trend reversal.
