XRP Price Outlook Tests Key $1.40 Level
- XRP price outlook centers on $1.40, with sustained support needed before buyers can challenge the $1.53 resistance zone.
- XRP bounced back from $1.00 and the overall bullish momentum is being reduced by rejection near $1.70.
- RSI remains above 50 while MACD stays positive, although declining volume points toward consolidation after the breakout.
Despite this sharp bounce, the price of XRP continues to appear balanced, with $1.40 separating further upward movement from renewed selling pressure.
$1.40 Sets the Immediate Direction
CRYPTOWZRD noted that XRP closed indecisively and called for healthier candles. The trader identified $1.40 as the key level. Holding above that area keeps $1.53 in focus.
XRP is trading around $1.39 on the displayed daily chart. The latest candle reflects hesitation after the recent recovery. Price has therefore returned toward a closely watched support area.
The earlier decline pushed XRP below $1.00 before buyers stepped in. That reversal produced a strong upward move across several sessions. Consequently, the market structure changed considerably within a short period.
โฆ Continue reading the full article at the original source below.
