XRP edges higher to $1.35 on breakout, what next for Ripple-linked token

XRP has seen a price increase to $1.35, driven by strong trading volume that pushed it above $1.34. However, the bullish momentum appears to be lacking for a durable trend shift, with weak fundamentals and overhead resistance capping further gains. Modest XRP ETF inflows of $3.32 million suggest the rebound is primarily technically driven rather than by clear fundamental catalysts. Traders are closely watching the $1.34 level as a key pivot, with resistance expected between $1.36 and $1.40, and support at $1.31-$1.32. A move below the support level would indicate a failed breakout. While buyers are attempting to establish a base, the broader market structure remains within a downtrend, and rallies are still struggling to break past the $1.40 mark.

(Source：CoinDesk)