invezz.com 
$XRP is back above $1.30 after a volatile session that saw the token briefly dip to $1.29.
The recovery pushed the price near $1.33, marking a 0.5% gain over the past 24 hours and placing $XRP near the upper end of its intraday trading range between $1.29 and $1.33.
Notably, the rebound comes after several days of pressure across the broader crypto market, although $XRP’s price action has shown relative stability around its short-term support zone.
The $1.30 level has now emerged as a key pivot point, with repeated tests over recent sessions attracting renewed buying interest.
Technical bounce after oversold condition
During the latest dip, trading activity increased sharply, with volume rising to approximately 107.9 million $XRP, signalling that buyers were actively absorbing sell pressure.
Market indicators also pointed to oversold conditions before the rebound.
The seven-day Relative Strength Index (RSI) dropped to around 30.16, a level typically associated with weakening selling momentum.
That setup contributed to a short-term recovery rather than a sustained breakdown.
$XRP price analysis
Despite the bounce, the move has not yet shifted the broader trend.
$XRP’s price action remains contained within a wider trading range between roughly $1.31 and $1.48, and sustained trading above $1.33 will be required to confirm stronger upside momentum.
Institutional positioning strengthens market narrative
Additional support for $XRP’s resilience has come from developments tied to institutional exposure involving Morgan Stanley.
According to recent disclosures, the bank has started indirect exposure to $XRP through ETF-related investment products, reflecting a broader trend of traditional finance integrating digital assets into regulated structures.
The update aligns with market data showing continued inflows into $XRP-focused ETF products, which have accumulated approximately $1.26 billion since launch in November 2025.
That contrasts with observed outflows from some Bitcoin- and Ethereum-linked ETF products during the same period.
Alongside ETF activity, on-chain data has also shown increased engagement on the $XRP Ledger.
Network activity on the $XRP Ledger rose to roughly 1.69 million transactions in a single day on May 28, suggesting stronger usage levels during the recent price stabilisation phase.
The combination of ETF-linked exposure and rising network activity has contributed to a more supportive backdrop for $XRP, even as broader crypto sentiment remains mixed.
Market outlook shaped by the support level at $1.31
Near-term direction for $XRP continues to revolve around the $1.31 support zone.
Holding above this level keeps the current rebound structure intact and preserves the possibility of further upside tests.
If buying pressure persists, the next broader resistance area sits around $1.48.
On the downside, a sustained break below $1.31 would weaken the current structure and expose the price to a deeper retracement toward $1.20.
Away from the technical setup, market attention is also focused on upcoming regulatory developments, particularly the US Senate vote on the CLARITY Act.
The legislation is expected to play a role in determining whether $XRP is classified as a digital commodity, a factor that could influence institutional participation going forward.
