Crypto
XRP Eyes Key Resistance Level Amid Consolidation
XRP has seen its price drop nearly 7% over the past week amidst broader market downturns, but analysts say it's showing signs of consolidation. One key resistance level to watch is $1.43, with a break above potentially triggering a rally towards $2.10, a 56% gain from current prices.
Long-term targets include $3.68 if XRP breaks its broader technical ceiling, but holding above $1.30 is crucial to maintain bullish momentum. Downside risks are near $1.29 and $1.21 if support fails.
XRP's next moves will hinge on overcoming resistance and sustaining demand zones around $1.35-$1.38, where over 4.8 billion tokens were previously bought.