XRP has rebounded from its support zone at $1.25-$1.32 and is now attempting to break through the major resistance at $1.60-$1.70, after several rejections around $1.60-$1.65. The price is currently consolidating around $1.54, with sellers remaining active in this supply zone. The bullish structure remains intact as long as XRP maintains its higher lows on the daily. A decisive daily close above $1.60-$1.70 would represent a significant bullish development and could clear the path toward higher levels. Conversely, a loss of the support zone at $1.25-$1.32 would substantially weaken the current bullish structure.
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