XRP Price Recovery at Risk as Sellers Eye Control

The cryptocurrency market is known for its volatility, and XRP is no exception. After experiencing a downturn in recent times, the XRP price has started to recover, with a significant increase above the $1.360 and $1.3620 zones.

However, this recovery wave may be short-lived if sellers regain control and push the price below the $1.3830 resistance zone. If this happens, the price could decline towards the initial support at $1.3620 and potentially even lower to $1.350.

The technical indicators are currently in favor of a bullish trend, with the hourly MACD gaining pace in the bullish zone and the RSI above the 50 level. Nevertheless, bearish pressure is building near the $1.3750 zone, which could impact the price's trajectory.