A price analysis by U.Today stated that XRP was trading in a narrow range near $1.25 at the time of reporting, close to its listed 200-week moving average range of $1.25 to $1.28. Citing CoinGlass data, the article listed $1.2292 as a long liquidation price to watch and $1.4292 as a concentration of shorts above. The author believes that the ability to hold support and return above the relevant moving averages remains a condition for determining the trend. The above is a technical analysis based on data at the time of reporting and should not be taken as an indication that a bottom has been formed.