XRP Rebounds From $1.20 but Stalls Under Broken $1.27 Support
- —Overnight sweep to $1.20 followed reports of the $6.3 billion Binance hack
- —Intraday high of $1.27 stalled just below the 200-day SMA
- —14-day RSI at 37.44, below its 40.04 signal line
- —A daily close above $1.30 would reclaim the 100- and 200-day averages
Why it matters: XRP trades below all major moving averages; without a close above $1.30 the bounce is just a retest of broken support, with $1.14 as the next demand zone.
Source: Coindoo