$XRP is currently trading around $1.35 and the chart on the 4H timeframe still shows a weak structure after the drop from the $1.47 area. Price recently bounced from the $1.32 support, which suggests buyers are trying to defend this level.

Right now $XRP is moving in a tight consolidation range between $1.32 and $1.37. The short MA (MA7) is slightly above price, but the MA25 and MA99 are still above the market, which means the overall short-term trend is still under pressure.

If bulls manage to break and hold above $1.37, we could see a push toward $1.40 – $1.42.

However, if $1.32 support breaks, the next downside area could be around $1.28.

For now, the market looks like it’s building a base, but confirmation will only come after a strong breakout with volume.

Always manage risk — the market can move quickly.