Price Action

GBP/USD remains trapped inside a descending channel after a sharp bearish rejection near key resistance. Traders are watching whether a move back toward 1.3418 produces another short-side signal before 5pm London time.

XRP is showing early signs of accumulation above the $1.00 support zone, even as it remains capped by nearby resistance. Rising wallet creation and fresh ETF inflows are helping support the recovery narrative, but traders still want a clean break above $1.10.

Bitcoin has repeatedly bounced near $59,000 this month, making the level a closer watch than the round $60,000 mark. Traders are now waiting for Thursday’s U.S. core PCE report, which could decide whether the support holds.

XRP fell about 2.5% to $1.19 after briefly trading above $1.22, as selling pressure pushed the token back under the key $1.20 level. Buyers held the line near $1.18, keeping the recent breakout intact for now.

Bitcoin’s brief dips below its 200-week moving average have historically been followed by strong rebounds, according to Kraken. The exchange says buyers who held through those periods faced limited drawdowns and saw median one-year gains above 100%.

XRP briefly cleared a long-held $1.20 ceiling and climbed toward $1.25 before profit-taking trimmed the advance. Traders now want to see whether support holds near $1.20 and whether the token can build momentum toward $1.30.

XRP moved back above the $1.14 to $1.15 resistance band on its strongest trading volume since the recent sell-off, signaling a possible base-building phase. Traders are now eyeing $1.20 and higher levels as ETF inflows and whale accumulation continue to support sentiment.