$XRP Holding Firm Above Critical Support Level Amid Fundamentals Pointing to Upside
$XRP has shown resilience after a brief drop below $1.43 during a liquidation-driven pullback, holding onto a critical support level.
The recent low was near the previous quarter's value area high, and price has since held above it, indicating that traders are treating this level as an important technical marker in the current setup.
A confirmed break below $1.43 would hint at a local top forming, but holding onto this level keeps the door open for a push toward the next target at $1.82.
Ripple's stablecoin, $RLUSD, has grown to $2.1 billion in circulation since August 12, up from $1.57 billion, and is seen as a positive signal for $XRP's price due to representing real revenue for Ripple independent of $XRP's market capitalization.
$XRP-linked exchange-traded funds have recorded more than $40 million in net inflows, further supporting the case for renewed upside momentum.