XRP Resistance Levels to Watch for Potential Breakout

Crypto analyst Daan de Rover believes XRP could make a strong upward move if it breaks through several major resistance levels on its daily chart. According to Rover, XRP needs to clear two key hurdles: $1.55 and $1.75. The first hurdle has repeatedly attracted selling pressure, and despite briefly breaking above this level on August 22, XRP fell back below it the following day.

The second major resistance level is at $1.75, an area where XRP last traded in late January but failed to reclaim since then. Rover argues that a sustained move above $1.55 could bring this higher resistance into focus and potentially lead to a strong upward move for XRP.

However, not all is well on the chart. While the chart highlights resistance above XRP, it also identifies an important support zone around $1.325. A sustained decline below this area would weaken the bullish setup outlined by Rover. Additionally, significant sell orders are clustered around $1.65, creating another potential resistance zone.