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XRP Rejection Shows the Gap Between Crypto Narratives and Price

XRP Rejection Shows the Gap Between Crypto Narratives and Price

The most overhyped narrative in crypto continues to be a chart that refuses to cooperate. XRP is trading at $1.3686-$1.3741 across the major data feeds, down roughly 0.26%-0.60% on the session and bleeding 8.42% over the past 7 days after the May 15 spike to $1.55 failed to hold. The setup that looked compelling a week ago – pushing the upper boundary of the descending channel, holding above the 100-day MA, RSI climbing toward 65 – has resolved as a textbook rejection. XRP never posted a single daily close above the channel, the subsequent selloff dragged the price back to the $1.34-$1.37 zone, and the 100-day MA at approximately $1.40-$1.45 has flipped from dynamic support to overhead resistance. The asset is sitting uncomfortably…

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