XRP rebounds above $1.30 on volume surge, bears still dominate broader trend

XRP rebounded above $1.30 on Thursday, posting its strongest volume burst in days as buyers stepped in near the bottom of its recent range. The move ended a grinding decline that had dominated much of May, but the broader technical setup remains bearish with price still well below levels that would signal a genuine trend reversal.

For cryptocurrency traders, the volume surge suggests short-term interest, but on-chain data paints a cautious picture. The average active XRP trader is sitting on roughly 47% unrealized losses, according to on-chain metrics, reflecting the sharp deterioration in sentiment over recent weeks. While deeply negative readings have historically appeared near local bottoms, analysts remain divided on whether this is a final washout or the start of a sustained recovery. The rebound comes amid cooling derivatives activity, which may reduce the risk of a sharp liquidation cascade but also signals a lack of conviction among leveraged traders. For current pricing and volume data, check NowPrice's crypto page.

Looking ahead, XRP's ability to hold above $1.30 will be key. A sustained break higher could target the next resistance zone near $1.50, but failure to maintain the level risks a retest of the range lows around $1.10. Traders will also watch broader crypto market sentiment and any regulatory developments that could shift the narrative for XRP specifically.