XRP Fails the $1.3 Breakout Test: Revealing Next L
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The most recent attempt by $XRP to recover has encountered a well-known issue: resistance.
The asset managed to rise back toward the critical $1.30 region after bouncing sharply from local lows near $1.08, but it was instantly rejected. $XRP is caught between regaining momentum and a still-dominant bearish trend as a result of the failed breakout, which indicates that sellers are still active at previous support levels.
Regaining the $1.30 area was always going to be challenging. It closely resembles the 100-day moving average and represents the support level that was lost during the most recent breakdown. A clean breakout was thwarted as $XRP got closer to the zone because profit-taking started to emerge and buying pressure decreased.Technically speaking, the rejection itself is not disastrous. Whether $XRP can sustain the higher low set following the capitulation event earlier this month is what matters right now. In contrast to the panic-selling phase that propelled the asset toward $1.08, the recent rebound pushed the Relative Strength Index back above neutral territory, demonstrating that momentum has greatly improved.
The 50-day moving average around $1.23 is the first important level to keep an eye on. After regaining it during the rebound, $XRP is now making an effort to stay above this region. Another test of the $1.30-$1.32 resistance zone is more likely if buyers can hold this support.
The 200-day moving average around $1.38 and the larger resistance area around $1.50 would be the next targets if $XRP were to break above $1.32. A move into that range might indicate the start of a more extensive recovery phase and represent a significant change in market sentiment.
On the downside, the bullish case would be significantly weakened if the 50-day moving average was not maintained. The most significant level is still th
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