Crypto
XRP Trapped Between $1.34 and $1.45 as Momentum Fades
XRP has been stuck in a tight range between $1.34 and $1.45, with no clear direction.
Both technical indicators and Fibonacci levels suggest that XRP's momentum is fading.
The Relative Strength Index (RSI) remains neutral but trending downward, while the Moving Average Convergence Divergence (MACD) shows bearish signals.
A break above $1.45 would be a sign of renewed strength, and could potentially target $1.55 and retest the $1.70 high.
On the other hand, losing $1.34 could put XRP on track for the $1.25 region, where it may find demand at the 0.618 retracement level.