XRP Price Struggles Below Key Resistance Levels
XRP's price has been struggling to break above key resistance levels, stuck below $1.08 as bearish control remains strong.
The cryptocurrency has broken out of a symmetrical triangle pattern and is currently facing resistance from moving averages at $1.09, $1.10, and $1.20.
Trading volume is low, indicating that investors are waiting for a catalyst to spark a trend reversal.
If XRP fails to hold support near $1.05-$1.06, it could drop towards the critical $1.00 level, reinforcing the downtrend.