Ripple Price Analysis: What’s Next for XRP After Another Rejection at Key Resistance?
📉 XRP's price rebound has stalled around $1.40 after a decline from the $1.61–$1.70 resistance zone, with buyers stepping in at a critical demand zone but lacking strong follow-through.
🔄 The daily chart indicates a potential bullish crossover as the 100-day moving average approaches the 200-day average, but the RSI remains below neutral, suggesting limited momentum for recovery.
🚧 The 4-hour chart shows XRP trapped in a descending channel, with the former support zone of $1.43–$1.45 now acting as resistance; a break above this level is crucial for a potential upward move toward $1.48–$1.52.
📉 XRP's price rebound has stalled around $1.40 after a decline from the $1.61–$1.70 resistance zone, with buyers stepping in at a critical demand zone but lacking strong follow-through.
🔄 The daily chart indicates a potential bullish crossover as the 100-day moving average approaches the 200-day average, but the RSI remains below neutral, suggesting limited momentum for recovery.
🚧 The 4-hour chart shows XRP trapped in a descending channel, with the former support zone of $1.43–$1.45 now acting as resistance; a break above this level is crucial for a potential upward move toward $1.48–$1.52.