XRP trades below $1.32 as rebound fails to reverse bearish trend
- —XRP below EMA20 at $1.42, EMA50 at $1.39 and EMA200 at $1.35
- —Daily RSI at 38.2; MACD negative but not deteriorating
- —Market cap down 5.5% in 24 hours; Fear & Greed at 53
- —Immediate resistance at $1.32, key support at $1.31
Why it matters: Until price reclaims $1.32–1.35, the bounce remains tactical and the risk of a drop toward $1.30 persists.
Source: The Cryptonomist (IT)