XRP Tests $1.30 Support After Repeated Rejections Near $1.40 Resistance

XRP is fluctuating around $1.33 after failing to break above the $1.40 threshold, marking a 2% decline over 24 hours. Over the last two weeks, the token has traded within a range of $1.25 to $1.43, leaving it down 13.2% over the past month despite a 25.1% gain across the last 90 days.

Sellers have consistently capped upward attempts near the $1.40 level. Technical indicators show XRP’s 20-day moving average at $1.39 and its 50-day moving average at $1.41, both hovering above current prices and encouraging recent buyers to exit positions near breakeven. Selling pressure emerged during attempts to surpass this band on October 8, 9, 11, 12, and most recently on October 21, when the token peaked just below $1.40 before closing down at $1.36 on heavy volume.

Attention remains on the $1.30 support zone, which faced repeated tests between October 14 and October 20. While buyers defended the mark with substantial volume on October 15 after a brief dip to $1.28, the level gave way on October 17, when XRP closed at $1.29 and dropped to $1.25 the following day before rebounding back above $1.30.