XRP nears $1.60 resistance amid expectations of a strong rise
XRP has continued to climb over the past hours, reaching around $1.53 after gains of approximately 3.8% in 24 hours.
Long-term technical analyses suggest XRP could reach the $5.40 area if the uptrend continues and key resistance levels are breached—representing a significant increase compared with the current price.
In the short term, attention centers on the $1.60 level, which is an important resistance. If price manages to break above it and hold, it could pave the way for further upside toward higher levels.
On the other hand, the $1.50 level remains a key support, and any clear breakdown below it may push the price toward the $1.47 area.
Market data has also shown an increase in XRP accumulation by major holders, with around 1.54 billion XRP collected over a short period worth roughly $2.2 billion
XRP has continued to climb over the past hours, reaching around $1.53 after gains of approximately 3.8% in 24 hours.
Long-term technical analyses suggest XRP could reach the $5.40 area if the uptrend continues and key resistance levels are breached—representing a significant increase compared with the current price.
In the short term, attention centers on the $1.60 level, which is an important resistance. If price manages to break above it and hold, it could pave the way for further upside toward higher levels.
On the other hand, the $1.50 level remains a key support, and any clear breakdown below it may push the price toward the $1.47 area.
Market data has also shown an increase in XRP accumulation by major holders, with around 1.54 billion XRP collected over a short period worth roughly $2.2 billion
