Can XRP defend $1.0416 as positive news fails to lift price?XRP / US DollarCOINBASE:XRPUSDAltWomanCan XRP defend $1.0416 as positive news fails to lift price? ▫️ XRP has fallen to $1.043, below the EMA 9 at $1.0461. The latest rebound failed before reaching the $1.0545 resistance. ▫️ Recent on-chain data points to whale accumulation and passive absorption. However, neutral volume delta suggests large buyers are not aggressively lifting the price. ▫️ Ripple recently introduced Ripple Mint, giving institutions a unified way to manage RLUSD. The infrastructure is expanding, but this does not automatically create immediate demand for XRP. ▫️ Futures activity continues to dominate spot trading. High leverage makes the market vulnerable to another liquidation-driven move. ▫️ MACD is recovering below zero, but momentum remains insufficient to confirm a reversal. Immediate support sits at $1.0416, while $1.0461–1.0545 remains the main resistance zone. A close below $1.0416 would expose $1.035–1.030. Reclaiming $1.0545 is required to restore the recovery, while $1.069–1.070 remains the major reversal zone. Disclaimer: This is not investment advice.