XRP Faces Crucial Test at $1.38-$1.40 Support Level
Ripple's XRP is facing a crucial technical test as it approaches the 100-day Exponential Moving Average (EMA) on its three-day chart. French chart analyst Egrag notes that this level has consistently provided support for XRP in past price cycles, leading to rallies towards its all-time high of $3.65.
Egrag emphasizes that simply touching the 100-EMA is not enough for a sustained recovery; XRP needs consecutive closes above this level on the three-day timeframe to signal renewed bullish momentum.
If XRP fails to stay above the $1.38-$1.40 reaction zone, it could briefly retreat into the liquidity pockets between $0.95 and $1.00 before any vertical rally materializes.
The upcoming CLARITY Act update on September 15, 2026, may also influence market movement, with current trading volumes aligning closely with historical averages.