XRP Surpasses Expected Level, Analyst Eyes Next Resistance Zone at $1.70
Crypto analyst Ali Martinez has stated that XRP has surpassed an expected level and is now targeting a new resistance zone.
XRP recently broke through a critical support zone, reaching a price of $1.698 from its previous level of $0.988, representing a strong rally of approximately 71.8%.
The price then underwent a correction of about 20%, retreating to a key demand zone where investors were heavily trading, specifically in the range of $1.35-$1.38.
According to on-chain cost distribution data similar to URPD (UTXO Realized Price Distribution), approximately 3.2 billion XRP changed hands in this region, making it one of the most important support levels for XRP.
If this support level is maintained, key resistance levels in upward movements are $1.60, $1.68, and $1.86, with a significant break above $1.86 potentially paving the way for a new upward move towards $2.19.