Caught XRP's failed breakout this morning and it's getting interesting. Price tested $1.35 but couldn't hold, dropping back to $1.31. What caught my attention though isn't just the 2% move itself, but how it happened and what's brewing underneath.

The volume spike on the rejection tells me sellers are still in control up there. More importantly, liquidity is drying up across major venues, which usually means bigger moves are coming once support or resistance actually gives way. I've been watching the order books thin out, and that's when things can get messy.

Open interest is rising while price is falling, which signals traders are loading up on shorts. That's a bearish signal combined with weakening support levels. The $1.31 to $1.30 zone is the line to watch now. If that breaks, we could see a sharper drop toward $1.28. On the flip side, reclaiming $1.35 would be needed to flip the momentum.

With liquidity this thin, expect exaggerated moves in either direction once one of these levels cracks. Not the most comfortable setup for swing traders, but definitely something to monitor closely. The next 24-48 hours should tell us which way this resolves.