- XRP price stayed in a tight range as 24-hour trading volume surged more than 150%.
- Analyst Ali said XRP needs a close above $1.49 to confirm a breakout toward $1.80.
- XRP open interest climbed by $142M as funding showed stronger long-side positioning.
XRP price remained locked near a narrow resistance range as traders watched whether the token could confirm a stronger breakout. The token traded near $1.46 at press time after gaining around 0.16% in 24 hours, while volume rose over 150%.
The move came as Bitcoin and several altcoins continued to show stronger bullish momentum.
XRP Price Faces $1.49 Breakout Test
In an X post, analyst Ali noted that XRP needs a close above the upper channel around $1.49. He said that confirmation could support a move toward $1.80.
The main resistance area remains between $1.48 and $1.50. This zone has rejected several bullish attempts in recent months. A clean break above it could improve the short-term structure, while another rejection may keep XRP inside its current range.
Analyst Egrag Crypto gave a broader view of the market setup. He said many traders are focused on short-term noise, while the two-month time frame and the 21 EMA remain the main signals.
Macro Setup Holds Near Resistance
In his analysis, XRP keeps its macro bull structure while trading above the two-month 21 EMA. The analyst also said the secular trendline is still holding.
He noted that multi-year compression remains intact, higher lows are preserved, and the macro structure has not broken. Based on that setup, he said it may be early to call a completed cycle top.
Egrag also identified $2.40 and $3.36 as key confirmation levels. He placed the chance of an existing bottom at 40% to 50%. A final capitulation scenario carries a 50% to 55% probability before a stronger move.
However, derivatives data showed a different picture from the cautious chart structure. XRP open interest increased from $798 million on April 29 to $940 million on May 11. That marked a $142 million rise in outstanding derivatives contracts.
The funding rate also moved higher. It rose from 0.000503% on April 29 to 0.006%, showing a 12-fold increase.
For now, the XRP price remains at a decisive point. A confirmed close above $1.49 would strengthen the breakout case. Without that move, the XRP price may continue to face pressure near the $1.50 zone.
Related: XRP Price Prediction: Funding Rates Have Been Negative for 3 Months While XRP Is Up 27%
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