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XRP price started a recovery wave above the $1.4220 zone and is now trading above $1.4250 and the 100-hourly Simple Moving Average. A rising channel is forming, with support at $1.430 on the hourly chart for the XRP/USD pair. The outlook remains constructive if the price settles above the $1.4450 resistance area.
After remaining supported above $1.410, XRP began a recovery wave similar to moves seen in Bitcoin and Ethereum. The price climbed above $1.4150 and $1.4200, entering a short-term positive zone. It also moved above the 50% Fibonacci retracement level of the decline from the $1.4625 swing high to the $1.410 swing low.
Despite the recovery, bears have become active near the $1.4450 area. The rising channel structure continues to show support around $1.430 on the hourly chart.
The first major resistance is near $1.4620. A close above $1.4620 could push the price toward $1.480. The next hurdle is at $1.50, and a clear move above $1.50 may open the way toward $1.5180. Further gains could extend toward the $1.5320 resistance level.
If XRP fails to clear the $1.4450 resistance zone, it could begin a fresh decline. Initial downside support is near $1.430, followed by the next major support around $1.420.
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