XRP is struggling to hold the $1.35 level as the market consolidates in a range that has defined the price structure for weeks without resolving in either direction. The patience required to hold through this kind of sideways action is real — and a CryptoQuant report has just identified a structural condition beneath the surface that reframes what the current consolidation is actually building toward.
The report examines the relationship between XRP’s leverage ratio and its price. What it has found is a divergence that the data describes as inherently unstable. The leverage ratio is sitting low and moving sideways, reflecting a market where speculative positioning has been significantly reduced. Yet the price is holding relatively high despite that absence of leverage support.
In most markets, low leverage and resilient price do not coexist for long. The divergence creates a tension that eventually resolves in one direction or the other. The direction the report is pointing toward is not random. When leverage has been flushed out and the price has held through that flush, the setup historically precedes a significant move.
The pattern suggests the current consolidation may be building toward a breakout rather than a breakdown. However, the report does not specify the exact timing or magnitude of the expected move. Traders are watching the $1.35 level closely, as a clear break above or below could confirm the direction.
Some analysts caution that the data may not account for external factors like regulatory news or broader market sentiment that could override technical patterns. The CryptoQuant analysis offers one lens, but it lacks specific predictions or a definitive timeline, leaving room for alternative interpretations.