XRP Price Bounces Back Above $1.30 Support Zone
XRP's price has stabilized above $1.30, a significant short-term support zone after its massive August breakout.
The asset has been unable to retreat further toward its moving-average support due to frequent appearances of buyers in this area.
Although the initial rally has cooled significantly, XRP has so far avoided turning the pullback into a full bearish reversal.
The 50-day moving average is increasing toward $1.28, but XRP is still above its shorter-term moving averages.