XRP trades in one-month high but nears resistance zone
XRP trades in one-month highs as institutional interest is growing but nears a technical resistance zone.
XRP trades in one-month high
With institutional interest growing, particularly tied to XRP’s use cases in cross-border payments, regulatory clarity, and speculation around possible ETF-like products, the XRP price keeps rising.
The token’s price action is also feeding the bullish case with noticeable “whale” accumulation, with large holders stepping in, which strengthened support around key levels in August and September.
XRP bullish case:
XRP's rise through its July-to-September downtrend line at $3.0100 is bullish with the 24 August high at $3.1263 representing the next technical upside target, together with the 16 August high at $3.1576.
Were these levels to be exceeded, the late July-to-August highs at $3.3306-to-$3.3826 would likely be next in focus.
XRP bearish case:
Were XRP to be rejected by its $3.1263-to- $3.1576 resistance area and slip through its September accelerated uptrend line at $3.0000 and its 9 September low at $2.9344, the early September high at $2.8864 would probably be back in the frame.
XRP daily candlestick trading chart
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