XRP is back around $1.37 after failing to hold its move above the 100-day moving average. The initial breakout had been driven by optimism around US legislation, but that momentum faded quickly and buyers were unable to defend the advance. Instead of turning the moving average into support, the market erased the move and pushed the token back toward its prior correction range.
Attention is now shifting to the $1.28 area, which has acted as an important support zone within the current structure. That level is where the market is likely to decide whether the latest move is merely consolidation before another recovery attempt or a broader rejection of the recent bullish setup.
The immediate implication is that XRP is back to having to prove the bullish case rather than benefiting from momentum alone. Until there is a confirmed hold above the 100-day average, the breakout thesis remains uncertain. Price structure now turns on whether support near $1.28 attracts buyers or gives way to further weakness.