XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture

XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year. What to know : XRP has bounced from late-May lows and briefly pushed above $1.30 on strong volume, but it remains well below levels that would confirm a lasting trend reversal. Sentiment is deeply negative, with the average active trader sitting on large unrealized losses even as some analysts see conditions that have historically coincided with local bottoms. Traders are watching $1.30 as key support and $1.32 to $1.40 as nearby resistance zones, with a break of this multi-month range likely to trigger a larger volatility move.(Coindesk)