XRP Will Need To Pass $0.85 Before It Can Breakout, Says Analyst
An analyst and trader revealed that XRP will need to overcome the $0.83-$0.85 resistance before it can break out. Read more on CE....
- XRP needs to overcome the $0.83-$0.85 resistance before it can break out.
- XRP has formed "robust support" at $0.50 and has firm support between $0.54 and $0.55.
- XRP is showing strong support levels within the Gaussian Channel and Symmetrical Triangle pattern.
- XRP's specific resistance points are the barrier of a symmetrical triangle pattern.
- XRP's value rose 1.86% over the past 24 hours but is still down more than 5% over the past 7 days.
- XRP dropped below the key $0.6235 support level but is attempting to reclaim it.
The article provides a mix of positive and cautionary sentiment. It highlights strong support levels for XRP but also warns about the need to overcome resistance before a breakout.