XRP Price Prediction: Can Buyers Defend the Crucial $1.35 Support Zone?

Ripple's September escrow release is complete, and XRP has started to move in response. The price of XRP currently sits at $1.3665 after falling by 0.96%. This decline comes as the cryptocurrency continues to trade within a descending triangle formed during its August rally from around $1.00 to $1.70.

Analyst Ali Charts has flagged the $1.35 to $1.38 zone as one of the most significant demand levels on the chart, noting that approximately 3.2 billion XRP were previously traded in this range. He also identified resistance levels above at $1.60, $1.68, and $1.86, with a breakout above $1.86 potentially opening the path toward $2.19.

The Parabolic SAR remains above the price at $1.6852, showing that sellers still control the short-term trend. However, XRP remains above its 20-day EMA at $1.3055 and 50-day EMA at $1.2112.