Noticed that XRP is currently pressing against the $1.34 level. Yesterday, there was an attempt to break below, but buyers picked up the price right at the $1.35 mark. Now, the token is consolidating within a narrow range between $1.34 and $1.37, and honestly, it looks like accumulation before a move. Traders are now all eyes on this support. If it doesn’t break, the next target is $1.37–$1.40, where there might be some rebound. But if it breaks down, we’re looking at $1.30–$1.32. Over the weekend, volumes decreased, speculative interest waned, so the movement is driven more by technical levels than news. It seems to me that traders are waiting for the price to choose a direction. For now, this is a correction that has been ongoing since the end of February. Looking at shorter timeframes, higher local lows are visible — this indicates that demand exists on pullbacks despite overall weakness. We’ll watch how the price behaves at $1.35; this is a key moment for traders.

So XRP has been getting knocked around recently, and I've been watching the spot price action pretty closely. We saw it slide down to the $1.34 range, but here's what's got traders actually paying attention — the XRP/BTC ratio is flashing something interesting on the monthly timeframe. The Ichimoku cloud setup that Mattsby has been talking about is finally looking like it could break above resistance for the first time since 2018, which is a pretty rare setup if it actually confirms. That matters because an Ichimoku cloud breakout on the ratio typically signals relative strength — meaning XRP could start outperforming bitcoin if the move holds. The thing is, spot price action doesn't always line up with what you're seeing on the ratio charts. We've had some pretty aggressive selling pressure recently, but it came in on a spike rather than a slow grind lower, which usually means you're seeing forced liquidations rather than conviction selling. When you get that kind of flush, it often resets positioning and can actually set up a cleaner technical base if demand steps in. The real question now is whether dips get bought or if we keep grinding lower. If the Ichimoku cloud actually breaks on XRP/BTC, it could shift how traders treat pullbacks — meaning any dips in XRP might get bid more aggressively than dips in bitcoin, especially when we're in a risk-on rotation window. Keep an eye on the ratio alongside the spot price. The Ichimoku cloud isn't a guarantee for spot moves, but it's a relative strength signal that changes the game if it confirms. That's the setup traders are watching right now.