XRP nears $1.40 amid tightening range

XRP is approaching the upper boundary of its recent trading range, hovering just below $1.40. This price compression, coupled with thinning liquidity, suggests a potential for a significant breakout. Analysts are observing bullish technical patterns like bull flags and falling wedges, further supported by inflows into XRP ETFs and reduced liquidity on Binance. These factors indicate a possible shift towards a higher volatility phase for XRP. Traders are closely monitoring resistance at $1.39-$1.40 and support around $1.38, anticipating a decisive move that could propel XRP towards higher price targets.