$XRP has seen a strong reaction from its major support zone, but the latest price action suggests the rally is now entering a critical phase. After a sharp breakout from short-term consolidation, buyers pushed the asset into a significant resistance area, where momentum has started to cool.
Ripple Price Analysis: The Daily Chart
On the daily timeframe, $XRP continues to trade within a broader descending channel while remaining below both the 100-day and 200-day moving averages. Despite the larger bearish structure, the recent recovery from the $1.05 to $1.15 demand zone has been encouraging.
The most recent development is the rejection from the 100-day moving average near $1.25. After reclaiming the lower support zone, $XRP quickly advanced into this dynamic resistance and has since entered a period of consolidation. The $1.05 to $1.15 region remains the most important support area for the bulls, while the next major resistance sits around the descending channel resistance near $1.3K.
cryptopotato.com

