1 week ago
3
At the time of writing, XRP traded near $1.59, up about 6% over 24 hours, according to CoinMarketCap data.
Two levels separate a routine retest from a weaker setup: $1.53 is the immediate line; $1.40-$1.43 is the more consequential support zone below it.
The breakout is facing its first pullback
XRP moved above the upper boundary of the descending channel that contained its late-August and early-September decline, then reached a recent high near $1.70. Coindoo’s earlier analysis of XRP’s break above its downtrend channels set out the key question that follows such a move: can the former ceiling begin to hold as support?
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