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XRP's Rising Support Trendline Breaks: What's Next for the Asset?

Guavy AI Editorial Team
Instruments
BNB XRP
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XRP's technical structure has taken a hit after decisively breaking below its rising support trendline, currently projected at $1.15-$1.17.

This break marks a significant shift in the market sentiment, as price now sits roughly $0.10 under where that trendline projects, and XRP is already trading beneath its 50-day moving average near $1.1.

According to an analysis by CryptoQuant analyst Amr Taha, exchange reserves for XRP are diverging across different venues, with Upbit's reserve falling to a multi-month low, Binance remaining well below its March high, and Bithumb returning close to its late-May level.

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