XRP has reached a critical technical point after failing to break through the convergence of the 50-day and 100-day moving averages near the $1.09-$1.10 range. The asset is currently trading around $1.08, consolidating below these moving averages after a failed ascending triangle breakout. The 200-day moving average around $1.21 remains significantly higher, indicating that buyers still have considerable work before the longer-term technical outlook turns positive. The Relative Strength Index at around 46 sits just below the neutral 50 level, showing that bearish momentum has lessened but not disappeared. A breakout above the $1.10 resistance would be needed to confirm bullish momentum, with the next major obstacle around $1.21.
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