XRP Price on Edge of Key Support: Can Bulls Regain Momentum?

XRP has reached a critical point in its price movement after its August comeback. Currently trading at around $1.35, it's situated near one of the daily chart's strongest support areas.

The bulls lack fundamental momentum due to drastically declining XRP Ledger activity, with successful transactions decreasing by 59.5% and total transactions falling by 55.6%

A moving average convergence is occurring rapidly, with the long-term MA located at $1.355 and a shorter-term average near $1.34 creating a concentrated support zone between $1.33 and $1.36.

Should this support fail, sellers could drive the asset lower, and network activity indicators convey a similar message, with active accounts falling by 5.4% and active users declining by 42.3%