•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The recent attempt by XRP to recover has met resistance and pulled back to a reset point. The asset rebounded from local lows around $1.05 and recovered the $1.20 area, but buyers have been unable to break through a cluster of resistance levels that has capped rallies since May.
After being rejected near the 20-day EMA, XRP is trading around $1.18 (with the article noting it is currently about $1.22). For bulls, this zone has become the first significant challenge.
More importantly, XRP remains below the prior support range of $1.30 to $1.35, which has now turned into a major resistance area.
The rejection is not unexpected. Traders who were positioned during the decline may be using rallies to sell after the breakdown below $1.30 earlier this month. As XRP approaches resistance, it appears to trigger consistent selling pressure.
Despite the pullback, the situation is not described as wholly pessimistic. In comparison to a recent capitulation event, XRP defended the psychological $1.00 level and formed a higher low. Volume also rose during the recovery, suggesting buyers remain active.
Momentum indicators are improving gradually. The RSI is moving closer to the neutral zone after rising out of oversold territory, which the article frames as evidence that the selloff’s panic phase has eased. However, momentum is still not strong enough to confirm a reversal of the broader trend.
The most important level highlighted for the next phase is $1.22. The $1.30 to $1.35 resistance cluster would likely become more attainable with a successful close above the 20-day EMA.
For XRP bulls, reclaiming that $1.30 to $1.35 zone is described as the key battleground. If achieved, the article suggests it could improve the medium-term outlook and open the way for a move toward $1.50.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
