Ripple Price Analysis: What’s Next for XRP After a Rejection at Key Resistance?
- XRP’s price has stalled near $1.40 after falling from the $1.61–$1.70 resistance zone. Buyers have responded around the key demand zone, but strong follow-through is lacking.
- The $1.25–$1.32 demand zone is crucial to sustaining the recovery, while a break below $1.25 could expose lower support levels at $1.11–$1.18.
- On the 4-hour chart, XRP is trading within a descending channel, with the $1.43–$1.45 area now acting as resistance. A breakout above this level is needed to signal easing selling pressure.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto
- XRP’s price has stalled near $1.40 after falling from the $1.61–$1.70 resistance zone. Buyers have responded around the key demand zone, but strong follow-through is lacking.
- The $1.25–$1.32 demand zone is crucial to sustaining the recovery, while a break below $1.25 could expose lower support levels at $1.11–$1.18.
- On the 4-hour chart, XRP is trading within a descending channel, with the $1.43–$1.45 area now acting as resistance. A breakout above this level is needed to signal easing selling pressure.
Source: CryptoPotato
🌍 Updated by GemCrypto
$XRP
#XRP #Crypto