Ripple Price Analysis: Is It All Doom and Gloom for XRP After the Latest Rejection at $1.60?

XRP

XRP/USDT

$1.5733

+2.37%

$1.5733

+2.37%

(24s)

24h Volume

$3,304,566,089.05

24h H/L

$1.63 / $1.5191

Change: $0.1109 (7.30%)

Long/Short

72.5%

Long: 72.5%Short: 27.5%

Funding Rate

+0.0050%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.5695

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$1.894

Resistance 2$1.6678

Resistance 1$1.5701

Price$1.5695

Support 1$1.5115

Support 2$1.4458

Support 3$1.2954

Pivot (PP):$1.5725

Trend:Uptrend

RSI (14):64.2

CryptoPotato Editorial

(12:05 PM UTC)

1 min read

Updated byDavid Kim

0 comments

XRP’s breakout from its descending channel delivered a strong rally, but the move has now met substantial selling pressure at a major resistance area. The resulting pullback puts the recent breakout to the test, with the next reaction around former resistance likely to be important for the short-term structure.