XRP Faces Key Decision Point Amid Consolidation

XRP has been consolidating after its sharp breakout in late August, and is currently hovering around $1.40.

Despite the correction, the broader structure of XRP has improved considerably, but the token remains trapped beneath a major resistance zone.

A breakout from the current corrective structure could determine whether the recent rally resumes or develops into a deeper retracement.

The USDT pair shows that XRP broke decisively higher in late August, surging from around $1.00 to a spike near $1.70 and pushing above the previously declining long-term trendline and major moving averages.

However, the price remains below the $1.5 region, which is a significant supply area that has rejected XRP several times over the past year.