XRP Price Analysis: Analysts Watch $1.13-$1.18 Breakout for Rally to $1.30
- XRP nears $1.13-$1.18 resistance zone, where analysts expect the next major move to begin.
- Multiple daily closes above resistance could open the door for a rally toward the $1.25-$1.30 range.
- A break below support would weaken the bullish setup and raise the risk of a pullback to $1.
XRP is approaching a key resistance level, and the next move depends on whether the token breaks above the $1.13-$1.18 zone. A successful breakout could extend the recovery, while rejection may send XRP back toward recent lows.
XRP Needs Daily Closes Above $1.18 to Rally Higher
Analyst ChartNerd said XRP is trading between rising support and a resistance zone at $1.10-$1.18. The token also remains below the daily 50-day exponential moving average (EMA), which has repeatedly capped recent rallies.
Despite that resistance, ChartNerd noted that XRP has continued to form higher lows…
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