XRP Rebounds to Test $1.55 Resistance Amid Rising Trading Activity

XRP's price has rebounded from its September 20 dip near $1.39 and is now testing the $1.55 resistance level.

The token initially fell to around $1.39, but quickly bounced back above $1.40, with buyers pushing higher and reaching a high of $1.55 where sellers stepped in and stopped the advance.

Despite this setback, XRP's price structure remains intact, with higher lows formed since the September 20 dip indicating that buyers are stepping in at increasingly higher prices each time the token pulls back.

Rising Binance reserves, which have grown to around 2.68 billion XRP from roughly 2.55 billion during the summer decline, suggest increasing trading activity and liquidity on exchange order books.