XRP Price Rebounds from Resistance Zone as Buyers Weigh Next Move

XRP has maintained its bullish structure despite pulling back from a major resistance zone. The price remains above $1.50, but a recent rejection suggests that buyers may need to defend nearby demand before attempting another advance.

The daily chart shows that XRP's recovery from the $1.25-$1.32 support zone carried the price into the $1.61-$1.70 resistance area. However, the long upper wick and subsequent bearish candles indicate substantial selling pressure at this barrier, with the price gradually retreating toward $1.53.

XRP remains above both displayed moving averages on the daily chart. The orange average has flattened around $1.28, while the yellow average is rising toward $1.22, suggesting that the earlier downtrend has lost momentum.