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XRP Faces Another Rejection

XRP's price has reversed sharply towards $1.28, remaining within a descending channel and facing continued bearish pressure after failing to break above $1.37–$1.40. A decisive close below $1.25 could lead to further declines towards $1.20 and potentially $1.09–$1.14, while reclaiming $1.32 is necessary for a short-term improvement. The 4-hour chart indicates a failed breakout above $1.39, with the price testing the upper boundary of the $1.25–$1.28 demand zone, highlighting the risk of further declines if this level is lost.

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