XRP turns bearish after failing to break $1.36 resistance

XRP is facing renewed downward pressure after failing to break through the $1.36 resistance level, according to an analysis by CoinDesk. The report noted that after its recent failure to overcome this resistance, XRP is being pushed toward the key support level of $1.30. Repeated tests of this support could signal weakening buying pressure, and the $1.30 zone is now seen as a critical price point for gauging the potential for further declines. Technically, XRP is trading below its major moving averages, reinforcing the short-term bearish trend. However, CoinDesk explained that as long as the token maintains the key support at $1.30, the current trend can be viewed as a short-term bearish phase.