XRP Seeks Rebound: Technical Barriers Remain a Hindrance

After recent losses, XRP is showing signs of recovery, rebounding from levels below $2.00 and heading back towards the upper edge of its current price range. Recent trading activity suggests increased participation from market participants looking to support further upside. However, technical barriers on the daily chart continue to restrict XRP’s progress. Despite recent improvements in sentiment, analysts are observing for additional confirmation before classifying this move as a sustained recovery trend.