XRP Pullback Tests Breakout After Rejection Near $1.60
XRP retreated toward $1.47 after reaching the $1.61-$1.70 resistance zone, bringing the recent move above a descending channel into focus.
XRP has pulled back from the $1.61-$1.70 resistance zone, testing whether its recent move above a descending channel can hold as buyers defend lower support.
The token climbed from around $1.27 before entering the resistance area, where selling pressure pushed it back toward $1.47. The retreat follows a recent drop to $1.51, adding pressure to the short-term recovery structure.
XRP remains above its moving averages on the daily chart. The higher moving average is near $1.27, while the $1.40 area could become relevant if the decline extends.
On the four-hour chart, XRP is testing the $1.42-$1.45 demand zone. That range overlaps with resistance from the former descending channel, making the reaction around $1.42-$1.45 important for XRP’s next short-term move.
A move back above $1.55 would set up another test of the $1.61-$1.70 resistance zone. A break below $1.42 would weaken the breakout structure and shift attention toward the $1.28-$1.22 demand zone, where XRP previously found strong buying pressure.
