XRP rebounds above $1.35 but muted ETF demand and low on-chain activity cap upside
- —XRP trades above $1.35 after bouncing from a weekly low near $1.30
- —Newly created addresses fell to 376,000 from a September peak of 1.48 million
- —Resistance sits at the 200-day EMA of $1.38 and 50-day EMA of $1.40
- —Support is at the 100-day EMA of $1.34, with a break exposing $1.30
Why it matters: Weak on-chain demand and caution ahead of CPI and the Fed meeting limit XRP's upside, with a break below $1.34 risking a deeper correction.
Source: FXStreet Crypto