$XRP Holds Key Support, but Can it Recover?
$XRP price pulled back from around $1.48 to approximately $1.36 after failing to hold above $1.50, but the token managed to cling to a key support level near $1.34.
The August rally had brought XRP's price up by over 30% from its low of around $0.98, reaching as high as $1.70 on August 22 before sellers stepped in and pushed the price back down.
A closer look at the technicals reveals a mix of bearish and bullish signals, with the Awesome Oscillator printing a negative reading and the histogram staying below zero, but the Supertrend indicator remaining bullish with its active support line sitting just beneath $1.341.
The stakes are high for XRP traders, as breaking below $1.34 could expose $1.28 as the next real test, while reclaiming $1.40 would significantly improve the recovery setup.