XRP has retreated to $1.37, closing April with a loss of momentum after a failed breakout attempt. The cryptocurrency reversed from its upper channel boundary, failing to sustain a close above the 100-day moving average, and has since drifted back toward the lower end of its range. The RSI has also weakened, indicating a lack of buying pressure. Against Bitcoin, XRP has slipped to 1,800 sats, nearing the lower boundary of its descending channel. The RSI on this pair has dropped below 40, showing continued weakness. A breach of the 1,800 sats support level could lead to further declines toward the 1,500 sats zone if selling pressure persists. The 100-day and 200-day moving averages remain overhead, suggesting ongoing relative weakness against Bitcoin.
XRP Retreats to Lower Range After Failed Breakout Attempt
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