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XRP recovery on hold? THESE momentum signals explain the hesitation

XRP recovery on hold? THESE momentum signals explain the hesitation

Photo: AMBCrypto

XRP’s recovery is losing ground after sellers broke the $1.44–$1.45 support zone that had been holding since the September breakout. This decline raises the risk of another decline. Previously, the token had been trading in a range-bound environment for over two weeks between $1.44 and $1.56. Later on, Ripple's [XRP] selling accelerated on the 7th of October as sellers gained more steam. That breakdown pushed the price toward $1.32, where buyers stepped in and triggered a modest rebound up to $1.39, where it was trading at the time of writing.

Source: AMBCrypto

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