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Crypto

XRP breaks out of one-year downtrend channel; next test is $2

XRP has broken above a downtrend channel that capped prices for about a year, but the weekly Ichimoku cloud has emerged as the next key resistance. XRP is above the Ichimoku conversion and base lines, both at $1.3426, which has held as support since an August rebound. Resistance remains at the weekly cloud, with leading span B at $2.0191. Indicators show buying pressure still leads, though momentum has eased.

Crypto

Will XRP reclaim $1.33 as key rebound test emerges

XRP fell below $1.33 after a sharp drop on Sept. 15, turning that area into a key near-term resistance level. It is trading around $1.28, just above the $1.2950 Fibonacci retracement level that the market is watching as initial support. Technical indicators show price below Ichimoku lines, with multiple resistance levels clustered between $1.33 and $1.40. A daily close below $1.2950 could shift focus to $1.1815 and possibly $1.1230.

Crypto

XRP rally shows signs of slowing, derivatives market still skewed to selling

XRP has rebounded from the low $1 range to near $1.70, but derivatives indicators show no clear signs of overheated buying, with Binance’s taker buy-sell ratio at 0.92. The price has pulled back to about $1.36, while market value rose to nearly $107 billion on Aug. 22 before easing. Data show futures activity far exceeds spot volume, and leverage and funding rates have cooled after heavy long liquidations.