2 weeks ago
11
Key Takeaways
- XRP closed at $1.3633, approximately $0.013 above the $1.35 support zone.
- $1.35 held as support three times since mid-April on daily chart.
- Open interest at $488.3M on Binance.
- SMA50 at $1.3954 and SMA100 at $1.3982 converging above price as dual resistance.
- RSI at 42, signal at 51.71: momentum negative, structure holding.
Why the $1.35 Zone Has Structural Weight
The $1.35 level has held three tests since mid-April, and each hold has added structural weight to the zone: the more times a support level absorbs selling without breaking, analytically the larger the cluster of stop-loss orders that tends to accumulate below it, and the more violent the move becomes if it finally gives way. The daily chart shows a visible horizontal line at that level with price touching or approaching it on multiple occasions across the April-May period, recovering each time.
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