XRP under sell-off pressure.. Is it preparing for a rebound?
XRP continues to attract institutional attention as its use expands as collateral and as Ripple joins initiatives to tokenize assets in the UK, along with new developments across the ecosystem and growing institutional interest.
Technically on a 15-minute timeframe: XRP is trading near 1.3421$ after a strong drop from 1.37$ and forming a low at 1.3379$ . Short moving averages still indicate sell pressure, while the MACD has started to improve gradually, which may support a short-term rebound.
Support: 1.3380–1.3370$
First resistance: 1.3435–1.3505$
A break above 1.3505$ could enhance recovery prospects, while a break below 1.3370$ could open the door to further declines
XRP continues to attract institutional attention as its use expands as collateral and as Ripple joins initiatives to tokenize assets in the UK, along with new developments across the ecosystem and growing institutional interest.
Technically on a 15-minute timeframe: XRP is trading near 1.3421$ after a strong drop from 1.37$ and forming a low at 1.3379$ . Short moving averages still indicate sell pressure, while the MACD has started to improve gradually, which may support a short-term rebound.
Support: 1.3380–1.3370$
First resistance: 1.3435–1.3505$
A break above 1.3505$ could enhance recovery prospects, while a break below 1.3370$ could open the door to further declines
