XRP Faces Pullback After $1.40 Rejection as Key Support Nears
- XRP began September with a pullback after failing to break the $1.40 resistance zone.
- Price slipped below the Ichimoku Tenkan-sen, indicating short-term momentum loss.
- A break below support could push XRP into a deeper consolidation or corrective phase.
XRP has started September on a weaker note after closing August with a strong bullish candle, failing to sustain momentum above the $1.40–$1.45 resistance zone. The rejection there has pulled price into a consolidation phase.
XRP is trading near $1.36 at press time, down 5.77% on the week, though still up 26.77% on the month. Volume dropped more than 25% to $2.08 billion, a sign that the traders who drove August’s rally have largely stepped back.
Analyst Dark Defender reads the pullback differently, pointing to the bullish monthly close as a signal the broader uptrend isn’t finished. The analyst flags resista…
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