XRP Price Compresses Near $1.34 as EMAs Converge and Test $1.40–$1.42 Resistance

XRP has been locked in a multi‑month downtrend but is now trading around $1.34 as key moving averages and an ascending support line start to converge. The first resistance appears in the $1.40–$1.42 area, with a broader EMA cluster between $1.53 and $1.75 that could redefine the structure if broken. Volume spikes and subsequent stabilization after the early‑February sell‑off suggest the market may be shifting from capitulation toward a potential base, though the overall trend remains technically bearish.