XRP Bounces from Four-Month Lows but Faces Key Resistance
XRP recovered from four-month lows on elevated volume, yet remains below key resistance despite favorable ETF and exchange trends.
XRP steadied above $1.10 on Tuesday, bouncing from four-month lows in a recovery driven by elevated trading volume. The token had dipped to levels not seen since late October before finding support.
Despite the bounce, XRP remains trapped below key resistance zones near $1.30. Technical analysts note that a sustained break above that level would be needed to confirm a broader reversal.
ETF inflows and exchange outflows continue
Spot ETF inflows have been building in recent weeks, alongside persistent exchange outflows—a combination often interpreted as accumulation by long-term holders. However, these bullish signals have not yet translated into a decisive price breakout.
Market participants are watching whether XRP can reclaim the $1.30 resistance in the near term. A failure to do so could see the token consolidate or retest recent lows.
The broader crypto market showed mixed performance on Tuesday, with Bitcoin and Ethereum trading relatively flat as traders assessed macroeconomic data.