XRP Bullish BoS Maintained as Price Targets Rebound
XRP has seen its price pull back from $1.69, but the asset's 4-hour chart still shows a bullish Break of Structure (BoS).
This move gave buyers control of the short-term trend, and while the recent decline has brought the price to the EMA21 at $1.4020, it hasn't erased all gains from August.
XRP rose 71.8% from $0.988 to $1.698 in August before the current pullback began, and this level could help determine whether the correction stays limited or turns into a steeper decline.
The bullish setup needs XRP to close a 4-hour candle above $1.4335, which would show that buyers have reclaimed the BoS level and clear the path toward the $1.4835 swing high.