XRP is consolidating after a sharp recovery from the sub-$1 area, with the price now attempting to stabilize around $1.35. The RSI has returned toward the neutral 50 area after entering overbought territory, while the 200-day moving average sits at approximately $1.30, a key level to hold for maintaining the recent structural recovery. The most visible resistance stands at the $1.60-$1.70 zone, a decisive break of which would reopen the outlook toward the $1.90 resistance. On the 4-hour chart, XRP is trading inside a descending channel with immediate resistance between $1.33 and $1.37, a clean breakout above which could open the way toward the channel’s upper boundary around $1.40-$1.45.
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