XRP price remains under bearish pressure after another rejection near the 20-day and 50-day moving averages weakened hopes for a near-term recovery. Following several weeks of sideways consolidation, XRP has returned to the important $1.02-$1.03 support zone, with buyers still unable to generate enough momentum for a convincing breakout. The broader XRP price trend continues to favor sellers. XRP is trading below its 20-day, 50-day and 100-day moving averages, while the 200-day moving average remains significantly higher at approximately $1.38. This bearish technical structure suggests that… Read more
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