XRP Price Prediction: Bulls Target $1.16 as Weak Spot Demand Limits Recovery
- XRP must reclaim $1.1642 to confirm recovery and strengthen bullish momentum.
- Open interest near $2.5B signals cautious traders awaiting stronger market conviction.
- Persistent spot outflows continue to limit XRP’s recovery despite recent price rebound.
XRP has started a tentative recovery after falling to $1.0088, but traders still face several hurdles before confirming a broader trend reversal. The token recently climbed to around $1.1346 as buyers returned following weeks of weakness.
However, XRP remains below its 50-day, 100-day, and 200-day exponential moving averages. That technical structure continues to limit the strength of the current rebound.
XRP Rebound Meets a Major Technical Test
The first major challenge sits between $1.1448 and $1.1642, where several technical barriers could limit further gains. XRP must clear the 50-day EMA near $1.1448 to …
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