Ripple Price Analysis: Where Is XRP Heading Next Week After Defending Its 200-Day EMA?

Ripple’s XRP remains in a corrective phase after its sharp August breakout, with buyers struggling to regain control of the key overhead supply zone. The current structure suggests that the market may need more consolidation before another sustained directional move develops. XRP Price Analysis: The Daily Chart On the daily timeframe, XRP’s explosive rally from the $0.94-$0.97 support zone broke the previous descending structure and pushed the price as high as roughly $1.70. However, the breakout was followed by an equally notable rejection, and the asset has since been unable to establish itself above the $1.45-$1.54 resistance zone. The price is currently trading around $1.42, just below this major supply area. More importantly, XRP continues to hold above the long-term moving average near $1.27, which has flattened after previously trending lower. This level represents an important structural support for the ongoing recovery. As long as the $1.27 area holds, the recent weakness can still be viewed as consolidation following an impulsive rally. A daily close above the $1.45-$1.54 resistance zone would strengthen the bullish case and could eventually bring the $1.70 high back into...