XRP Tests Key Resistance at $1.41 as Rally Falters

XRP has surged to nearly $1.44 as it tests a crucial resistance level after rising from around $1.10 in August.

The price increase of about 28% over the past few weeks has resulted in a series of higher highs and higher lows on the 4-hour timeframe, with support from the EMA 9 at $1.4093.

A breakout above the current level of $1.4131 could lead to targets of $1.50 and $1.60, but if the price fails to break through, it may fall back to $1.38 or even $1.35.

On-chain data suggests that the rally is not as strong as it seems, with a decrease in transactions from 2.15 million to 1.85-1.90 million and a drop in active addresses from 45,000 to 35,000.