XRP Stuck in Corrective Phase After August Breakout

XRP has been in a corrective phase after its sharp August breakout, failing to regain control of the key overhead supply zone.

The token's price rallied from $0.94-$0.97 to roughly $1.70 but was rejected and has struggled to establish itself above the $1.45-$1.54 resistance zone, signaling short-term token weakness that could impact crypto trading activity and DEX/CEX liquidity.

The current structure suggests that the market may need more consolidation before another sustained directional move develops.