$XRP on Edge as Price Reaches Critical Support Level

$XRP has reached a technically delicate point after its August comeback, and the price is currently around one of the daily chart's strongest support areas.

The bulls have little fundamental momentum to work with, as $XRP Ledger activity has drastically declined. The asset is trading at about $1.35, which is almost precisely where its long-term moving average is located, at about $1.355.

A concentrated support zone between $1.33 and $1.36 is effectively created by another shorter-term average that is near $1.34. This area needs to be held, as a persistent break below it would reveal about $1.28, with the main moving-average cluster around $1.25, $1.28 coming next.

With a brief surge toward $1.70, $XRP's August breakout propelled the asset from roughly $1.00 to above $1.50. However, since then, the market has consistently failed to return to the $1.45, $1.50 range, instead forming lower local highs.

Momentum is becoming more and more neutral, with the daily RSI having dropped to about 51.7, which is lower than its signal average of about 58.2. Network activity adds another concern, with successful transactions decreased by 59.5% to approximately 970,200, while total $XRP Ledger transactions fell by 55.6% to 1.2 million.

The network itself is still running smoothly: the ledger interval stayed at about 3.84 seconds, and about 20,600 ledgers were closed, up 1.2%. As a result, activity rather than network performance appears to be the main area of weakness.