1 hour ago
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Key Takeaways
- XRP trading at $1.3539, breaking below the ascending trendline on the daily chart.
- Open Interest at 433.77M, rising 0.12% on the day price lost trendline support.
- NVT Ratio at 218.12, up 26.81% in a single session: valuation outpacing network activity.
- SMA50 at $1.3963 and SMA100 at $1.3981 now function as resistance, not support.
The ascending blue trendline visible on the daily chart originates from the late March and early April lows and has provided rising support across multiple tests through the April-May period. The current price at $1.3539 is below the trendline, which analytically sits at approximately $1.36-1.37 at this stage of its trajectory. The break is confirmed on a daily basis at the time of writing rather than an intraday wick, which gives it structural weight.
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