XRP Momentum Cools After $1.50 Rejection as Traders Watch Critical Support Levels
Briefly

XRP Momentum Cools After $1.50 Rejection as Traders Watch Critical Support Levels
"XRP traded near the lower end of its recent 24-hour range on Wednesday, as traders evaluated weakening short-term momentum against a broader bullish market structure. Market data showed XRP priced near $1.42 with technical signals reflecting consolidation following rejection near the $1.50 resistance zone. XRP held above $1.40 on May 26, 2025, preserving its broader bullish market structure."
"Momentum weakened on 1H and 4H charts as traders monitored resistance near $1.50. XRPs 1-hour chart reflected growing short-term selling pressure as XRP posted consecutive red candles alongside increasing sell volume during the decline toward the $1.41 support area. Market structure on the lower timeframe suggested bearish momentum remained active, though signs of possible exhaustion were developing near the demand zone."
"Traders have been monitoring for a bullish reversal candle, higher low formation and stabilization in trading volume before considering additional long exposure. The short-term setup pointed to patience rather than aggressive positioning while XRP attempted to establish support following the broader pullback from the recent rally toward $1.50. The 4-hour chart showed XRP entering a corrective phase within a larger uptrend after lower highs developed following the spike toward the $1.50 region."
"Traders have seemingly identified aggressive long-entry opportunities between $1.41 and $1.42, while a more conservative approach called for confirmation through a reclaim above $1.45 before targeting higher levels. Price action was testing support near $1.41 while momentum indicators on the timeframe reflected cooling bullish strength after the earlier breakout move."
XRP traded near the lower end of its 24-hour range around $1.42, after rejection near the $1.50 resistance zone. The price held above $1.40 on May 26, 2025, preserving a broader bullish market structure. Short-term momentum weakened on 1H and 4H charts as consecutive red candles and rising sell volume pushed price toward the $1.41 support area. MACD signaled a buy, while EMA and SMA data suggested bullish continuation. Lower-timeframe market structure showed bearish momentum still active, with possible exhaustion developing near the demand zone. Traders monitored for a bullish reversal candle, a higher low, and stabilization in trading volume before adding long exposure. Aggressive entries were considered between $1.41 and $1.42, while a more conservative plan required reclaiming above $1.45.
Read at news.bitcoin.com
Unable to calculate read time
[
|
]