XRP Faces Critical Monthly Support Test

XRP Faces Key Support Test Amid Trading Range

• XRP is approaching the lower boundary of a five-month trading range.
• The quarterly anchored VWAP is at $2.2796, recently rejecting XRP’s price.
• The monthly VWAP stands at $2.0574, with XRP hovering just above it.
• Yearly anchored VWAP is positioned at $1.8731, providing significant support.
• XRP’s current trading price is approximately $2.20.

XRP remains within its established trading range, supported by key Volume-Weighted Average Prices (VWAPs). The cryptocurrency’s price recently faced resistance at the quarterly VWAP and now tests the monthly VWAP as potential support. Successful defense of these levels could maintain the structural uptrend.