XRP's Recovery Path Becomes Increasingly Uncertain

XRP has fallen below its 200-day moving average at $1.355 and is now trading near $1.27, down 13.8% in the past 24 hours and 25.3% below its August 22 high of $1.70.

The token's decline has wiped out most of its August gain, with September pushing XRP even further into a downward trend.

According to the source, reaching $1.50 now requires an 18.1% gain, while reclaiming $1.70 would need a 33.9% increase in value.

The next major test for XRP is at $1.23, and a softer Fed outcome could give the token room to recover.