XRP Struggles to Hold Ground as Sellers Remain Active

XRP has been trying to stabilize at around $1.50 after its recent breakout and subsequent rejection.

The asset's overall technical structure has improved since the beginning of September, despite the setback.

XRP broke through a declining resistance line in late August and September, which had previously constrained its price.

The breakout was accompanied by increased trading volume, adding to its legitimacy.

However, XRP's price rejection around $1.60-$1.65 suggests that sellers are still active at higher levels.

To recover and attempt another push towards $1.60-$1.65, XRP must first reclaim $1.55.

The August wick at around $1.70 is the next significant target above that level.