XRP’s defense of $1.36 support seen as key

XRP is testing a key support level after surging to $1.69 last week and then slipping below $1.40, according to an analysis by The Crypto Basic. The outlet said XRP climbed to $1.69 last week but met strong resistance there before falling to around $1.40, a move that suggests it has absorbed liquidity near a recent resistance zone and is now heading toward support. Looking at spot supply alongside the derivatives market, The Crypto Basic said short-term selling pressure has yet to fully ease. If XRP holds $1.36, the token could stabilize after working through supply near the recent resistance zone and attempt a rebound. If it falls below that level, the correction could deepen toward the next support area at $1.28. On the upside, $1.45 is seen as the first resistance level after shifting from support to resistance following the pullback. A decisive break above $1.51 would signal renewed strength in the uptrend, the outlet said.