XRP Price Analysis: Can XRP Resume Its Rally After Defending Key Support?

XRP is consolidating after its sharp late-August breakout, with the price now hovering close to $1.40. The charts suggest that the broader structure has improved considerably, but the token remains trapped beneath a major resistance zone. A breakout from the current corrective structure could determine whether the recent rally resumes or develops into a deeper retracement. Ripple Price Analysis: The USDT Pair On the daily timeframe, XRP has undergone a significant structural shift. After spending several months in a broad downtrend, the asset broke decisively higher in late August, surging from around $1.00 to a spike near $1.70. This move also pushed XRP above the previously declining long-term trendline and the major moving averages visible on the chart. The subsequent pullback has brought XRP toward the $1.30 area, which is currently highlighted as an important demand zone at a clear bullish imbalance area. Meanwhile, the still price remains above the 100-day and 200-day moving averages, suggesting that the broader recovery structure is still intact despite the recent correction. Above the current price, the $1.5 region represents the main resistance zone. It previously acted as...