XRP and XLM Hang in Balance as Support Zones Decide Their Fate

XRP and XLM are in a precarious position as they retest broken support zones. The XRP chart is particularly interesting, as it held a tight floor between $1.31 and $1.33 for most of September. However, on September 15, the price dropped below this zone, only to bounce back up within a day and a half.

Now, XRP is testing this same zone from underneath, which can be a crucial moment in determining its future trajectory. A rejection here could lead to a slide back down into the $1.22 area, with potential pullbacks ranging from 6% to 10%. On the other hand, a clean break through this zone opens up a path towards $1.39 to $1.43.

XLM is facing a similar situation, as it has been fighting against a resistance shelf around $0.186 to $0.189 since late August. Every bounce off its support shelf at $0.176 to $0.178 has resulted in significant pullbacks of up to 13%. If XLM clears both these walls, 22 cents becomes a realistic target.

Both charts share a common theme: buyers have shown up repeatedly at these exact support shelves over the past month. The broader structure on both tokens has held through worse drops than this one, which counts for something despite the short-term caution.