Ripple Price Analysis: XRP Approaches a Critical Breakout Level After 8% Daily Surge

Ripple’s XRP is approaching a technically important inflection point after rebounding sharply from its recent lows. The recovery has brought the price back to the upper boundary of its declining structure, where a confirmed breakout could shift short-term momentum further in favor of buyers. Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP continues to recover from the sharp August rally and subsequent consolidation. The asset is currently trading around $1.48, comfortably above the major moving averages shown on the chart. The recent correction found support near the 200-day moving average around $1.27-$1.28. Buyers responded aggressively from this region, preventing a deeper retracement and pushing XRP back toward the upper portion of its recent range. However, the major overhead supply zone remains considerably higher at $1.61-$1.70. This area marks the principal resistance that buyers would ultimately need to reclaim before a broader bullish continuation becomes more convincing. For now, holding above the $1.27-$1.30 region keeps the larger recovery structure intact. A renewed rejection and breakdown below this support would weaken the setup and could expose t...