XRP Holds $1.30 Support as Supply Overhang Caps Recovery Outlook

XRP is extending a modest rebound, but lingering downside pressure continues to shape the near-term outlook as traders focus on key technical levels and the token’s supply overhang.

As of Wednesday 6:58 p.m. UTC, XRP was trading at $1.3705, up about 1.10% on the day. The short-term picture, however, remains mixed: the token is still down 4.63% over the past seven days, suggesting the latest uptick has not fully reset the broader corrective trend.

Trading activity remains heavily concentrated on centralized venues. XRP posted roughly $1.838 billion in 24-hour volume, with centralized…  Read more

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