XRP Price Rebound Stalls at Key Resistance Zone

XRP has seen its price rebound above $1.50, with buyers defending a key support zone. The coin's technical signals remain constructive, but profit-taking and fading demand could still extend the correction from September highs.

According to CryptoQuant data, XRP reserves at Binance have decreased, indicating lower near-term token supply. This could sustain resistance levels at $1.66 and $1.70 if the trend continues.

Popular analyst Egrag Crypto has identified a micro range within which XRP is currently trading, bounded by $1.45 and $1.65. A close above $1.65 would change the market structure, while a break below $1.45 could increase C-wave risk.