XRP Technicals Remain Strong Despite August Cool-Off

XRP has recently cooled off after its explosive August breakout, and is currently trading around $1.42, down from a high of about $1.70.

The technical picture for XRP is still strong, with the token trading above all four major moving averages on its daily chart.

However, momentum has returned to normal after a brief period of overbought territory, and RSI currently stands at around 69.

XRP's immediate resistance lies at $1.50, and a close above this level could reopen the route towards $1.60 and the recent high of $1.70.