XRP Holds $1.30 Support as Bulls Target $1.50. Source: EconoTimes
XRP is maintaining a key support zone following its strong August rally, with the cryptocurrency holding comfortably above $1.30 despite cooling momentum. The latest XRP price action suggests the recent correction has yet to develop into a broader bearish reversal.
XRP is trading near $1.38, placing the $1.30-$1.35 range firmly in focus. This area represents the lower boundary of the consolidation that emerged after XRP's August breakout. Buyers have repeatedly stepped in around this zone, preventing a deeper decline toward major moving-average support.
The technical structure has also strengthened. XRP remains above its shorter-term moving averages, while the 50-day moving average is rising toward approximately $1.28. Longer-term averages remain considerably lower because of the speed and magnitude of the August rally.
However, XRP bulls still face resistance. The cryptocurrency has struggled to establish momentum above $1.40, while recent attempts to approach $1.45 have lacked conviction. Trading volume has also declined significantly compared with the elevated levels recorded during the August breakout, suggesting buying pressure has moderated.
Momentum indicators reflect a similar picture. XRP's daily Relative Strength Index has fallen to around 55 after briefly reaching overbought territory during the August surge. The reading remains neutral-to-bullish, reducing concerns about an overheated market while highlighting weaker momentum.
The $1.30 level now represents a crucial technical threshold for XRP. A sustained breakdown below this support could expose the rising 50-day moving average before opening the door toward the $1.20-$1.25 region.
Conversely, holding the $1.30-$1.35 support zone would preserve XRP's post-breakout structure. Bulls would then need to reclaim resistance between $1.40 and $1.45 with stronger trading volume. A successful breakout could put $1.50 back in focus and potentially trigger another move toward the August highs.
For now, XRP's correction appears contained, with buyers continuing to defend the broader recovery structure and the critical $1.30 support level.