XRP bounces above $1.30 on heavy volume, but bears hold the…

XRP snapped a streak of lower lows on May 28, briefly clearing $1.30 on a volume surge that hit 107.9 million XRP in a single session — one of the strongest bursts in days. The move recovered from intraday lows near $1.2693, but momentum faded into consolidation between $1.30 and $1.32, leaving the broader setup largely unchanged.

Sentiment remains deeply negative: on-chain data shows the average active trader sitting on roughly 47% unrealized losses. Analysts are split between a final washout lower and the early stages of a recovery, with several noting that readings this negative have historically coincided with local bottoms.

The key levels to track are clear. $1.30 is the line in the sand for the recovery attempt; $1.32–$1.40 is the resistance band XRP needs to reclaim before momentum can shift.