XRP Prices Pull Back After Resistance Zone Rejection

XRP's momentum has stalled after failing to break through the $1.40-$1.45 resistance zone, causing its price to dip below key support levels.

Following a strong bullish candle in August, XRP's price has pulled back and is now trading around $1.36, down 5.77% on the week but still up 26.77% for the month.

The asset's volume has decreased by over 25% to $2.08 billion, indicating that traders who drove August's rally have largely stepped back from the market.

Despite this short-term weakness, XRP is still holding above its major exponential moving averages (EMAs) and the slower-moving Kijun-sen baseline, suggesting a larger bullish trend remains intact.