- Popular altcoin XRP tests major resistance at $1.30.
- Analysts discuss crucial resistance levels.
- Can the price of XRP surge to hit a new ATH this year?
The crypto community is still reeling from crypto market events over the last couple of days. Recently, the price of BTC, ETH, and altcoins were all moving to set a lower high. Once hit, most assets immediately recovered and are now moving towards critical resistance areas. To highlight, popular altcoin XRP tests major resistance at $1.30, leading analysts to watch critical resistance levels.
Popular Altcoin XRP Test Major Resistance at $1.30
According to analytics, the price of XRP, Ripple’s popular native altcoin token, is up by over 4% in the last 24 hours. At the moment, the price of XRP is trading at $1.23, showing that the asset recovered from the price range of $1.1 over the last 24 hours. Now, the asset seems to be moving to reclaim higher price targets, raising bullish sentiments and hope for a chance at new ATH prices for the asset.
As we can see from the post above, this popular XRP analyst confirms that presently, we are seeing some awesome momentum come into the crypto market, and that the price is now approaching a very important resistance level around $1.30. She says that what’s interesting is that this move has already pushed beyond what I’d consider a standard C-wave target. While that doesn’t confirm a new trend, it does start to lean in that direction.
This is where XRP holders need to stay objective. There is still a valid scenario where XRP finds resistance here at $1.30 and heads toward $0.90 support she has been tracking for months. At the same time, the reaction off the $1.09 macro .786 support has been stronger than expected. If this momentum continues, XRP may be looking at the early stages of a new trend rather than a final move lower.
Nothing officially invalidates the need for lower support until $1.65 is reclaimed and flipped into support. Until then, we are all simply objectively observing. As analysts, our job isn’t to force a prediction, but to wait for the market to reveal itself. What the analyst is seeing right now is strength, potentially the strongest XRP has seen in months. While it still needs confirmation, it is exciting to finally see some life in this market.
Analysts Discuss Crucial Resistance Levels
As we can see from the post above, another expert comes to a similar conclusion. He begins by marking XRP’s current price at the $1.24 price range and confirms that Wave 4 is at a close. He also highlights how the wedge broke, the RSI reset, and how demand held exactly where it needed to. As for what is next, he mentions the price of target of $1.61 is the first wall, once that path clears, $1.94 is next, allowing Wave (5) target $4.47 to play out.
