XRP's Dead Calm Hides Bullish Sentiment Ahead of Critical Break

XRP has been in a state of limbo below its 20-day moving average, with momentum flatlined and open interest bleeding 7% overnight.

Despite this, smart money remains long, with top traders holding 75.2% of their positions in XRP, according to Binance's segmented ratio data.

The current setup is considered a compressed chart, meaning it will resolve violently when a catalyst arrives. With the regulatory and macro backdrop remaining volatile, a significant event could spark a move above $1.34.

If XRP closes above this level on volume, the next resistance point would be at $1.36, followed by the 20-day SMA at $1.37. A successful reclamation of these levels could target the upper Bollinger Band at $1.46, a 9.7% move from current levels.