XRP continues to show resilience above the crucial $1.38 support level despite recent corrective weakness.

While momentum remains modest, the ongoing structure still suggests the pullback may be part of a broader bullish setup rather than the start of a deeper decline.

As long as buyers defend this key zone, the possibility of another leg higher remains firmly on the table.

XRP Holds Above $1.38 As Corrective Pullback Unfolds According to a recent analysis by More Crypto Online, XRP remains within a broader range-bound structure.

The pullback observed since the May 10 high is currently interpreted as a corrective three-wave decline rather than a definitive trend reversal.

This suggests that the recent downward pressure may be a temporary consolidation phase within the larger market cycle.

Related Reading: XRP Pulls Back, But TD Sequential Flashes Buy Signal A critical component of this outlook is the defense of the key swing low situated around $1.38.

More Crypto Online emphasizes that as long as this specific floor remains intact, the technical structure allows for another move higher, potentially within a diagonal pattern.

Despite the possibility of an upward move, the analyst notes that current upside momentum remains relatively weak.

The recent price advance bears a striking resemblance to the corrective three-wave move that followed the April 5 low.

Technicians are closely monitoring the internal B-wave support zone, which lies between $1.40 and $1.42.

More Crypto Online points out that this region is traditionally difficult to trade, as B-waves often fail to respect Fibonacci levels with precision.

However, the internal 100% extension target near $1.41 has already been reached, which frequently serves as an ideal completion point for a corrective three-wave decline.

Ultimately, the market must now prove whether it can find a firm footing within this support region to trigger the next rally phase.

More Crypto Online concludes that the prevailing wave count remains valid only as long as the $1.38 level is successfully defended.

Binance Spot CVD Stability Hints At Quiet XRP Accumulation Crypto analyst Xaif Crypto highlights that XRP is currently exhibiting a significant divergence as Binance spot Cumulative Volume Delta (CVD) remains resilient despite the price hovering near local lows.

This stability during a prolonged downtrend suggests that selling pressure is being met with firm underlying demand.

Related Reading: XRP Momentum Fades As Bulls Fail To Hold Breakout Zone While a price drop of this duration usually triggers a sharp decline in spot volume delta, the current steady metrics suggest quiet institutional accumulation is occurring behind the scenes.

Xaif Crypto highlights that a similar divergence previously served as a definitive precursor to a sharp market reversal.

Given this historical precedent, the current stability in spot volume suggests that XRP may be nearing the conclusion of its consolidation phase and preparing for a trend shift.

Featured image from Freepik, chart from Tradingview.com