Crypto
XRP Faces Crucial Resistance Test at $1.60
A German analyst has identified XRP's next significant resistance zone as between $1.15 and $1.60, according to BankXRP.
The analyst believes that a clean break above this zone, followed by a successful retest, would provide stronger confirmation that XRP is moving into higher retracement levels.
In a video analysis, the German analyst emphasized the importance of avoiding over-optimism before XRP clears the resistance area.
The analyst also compared XRP's current setup with a broader pattern he has observed in the market, noting that Elysium has already broken through its second major resistance area, unlike XRP.