XRP's price outlook is currently testing its key $1.40 level, and sustained support will be needed before buyers can challenge the $1.53 resistance zone.
The cryptocurrency has bounced back from $1.00 and overall bullish momentum has been reduced by rejection near $1.70.
Despite this sharp bounce, the price of XRP continues to appear balanced, with $1.40 separating further upward movement from renewed selling pressure.
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