XRP Rejected at Descending Trendline, Stalls Near $1.11
The post XRP Rejected at Descending Trendline, Stalls Near $1.11 appeared on BitcoinEthereumNews.com. XRP News XRP has once again been turned away at the descending trendline that has capped every rally since June, sliding back toward $1.09 after a brief push higher. The move began from the $1.02–$1.04 support band, where buyers reloaded and lifted the price into the intersection of that falling resistance line and a cluster of moving averages. Sellers stepped in exactly where the confluence sat, and the rejection was clean. For an altcoin like XRP that has spent weeks trapped beneath overhead supply, the trendline remains the single most important level on the chart, and each failed test reinforces the near-term ceiling. On the institutional side, the spot XRP exchange-traded fund flattened out this session after registering a net outflow the previous trading day. The product returned to a neutral flow reading, and on-chain and fund-flow data put cumulative net inflows since launch at