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XRP faces renewed selling pressure after short rally
Ripple's XRP is once again testing a critical technical area. After rebounding from roughly $1.05 toward $1.20, the token has come under fresh selling pressure and now oscillates between $1.18 and $1.22. The dominant issue is the inability to clear the 1.30–1.35 resistance band, which previously acted as support but has turned into a heavy sell wall.
Why the sell wall matters
Much of the supply pressure stems from traders who remain underwater from the prior decline and are taking profits or cutting losses on each bounce. That behavior creates a recurring sell wall on every attempted rally, capping upside for XRP price. From a technical perspective, rejection near the 20-day moving average, around $1.22, indicates buyers currently lack momentum to flip the short-term trend.
Neutral signs that avoid a full capitulation
That said, the situation is not purely bearish. The psychological $1 support remains intact, suggesting the market hasn't entered full-blown capitulation. Formation of higher lows compared with the prior plunge points to a reduction in selling intensity. Relative Strength Index (RSI) has moved out of oversold territory toward neutral, which typically signals the end of panic selling rather than a guaranteed bullish reversal.
Key scenarios traders should watch
In a bullish outcome, a decisive break and daily close above $1.22, confirmed by volume, would open the path back toward the 1.30–1.35 resistance zone and improve the outlook for XRP. Conversely, failure to hold current levels could see XRP revisit support at $1.10 and, in a deeper pullback, the $1 psychological floor.
Market implications
For traders and investors tracking Ripple and XRP price action, the immediate focus will be confirmation around the 20-day MA and how the market responds to the persistent sell wall near 1.30–1.35. Monitoring RSI, volume, and orderflow around these levels will provide the clearest signals for the next directional move in this crypto market phase.
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