XRP Tests 200-Day SMA as 2023 Bounce Maps $3.20 Scenario

XRP is testing its 200-day SMA zone as its 2023 rebound offers a historical comparison that would map a recovery toward roughly $3.20. XRP has returned to the same long-term moving-average area that helped establish a recovery base in 2023. With XRP now trading near $1.31 and its 200-day simple moving average around $1.37, the immediate test is whether buyers can reclaim the trend line and repeat part of the earlier rebound. XRP is currently about 4% below the 200-day SMA. That makes the present setup slightly weaker than a clean support test from above: price first needs to recover the average before it can attempt to turn it back into support. In March 2023, XRP pushed above its 200-day SMA, which stood near $0.40 at the time.

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