The XRP cryptocurrency has struggled to break key resistance levels and is still facing a bearish trend. Analysts, such as Northstar, are skeptical about the prevailing positivity in the market and highlight that XRP has not broken through the vital resistance level of $0.65. XRP has declined by over 83% from its previous high and has experienced several breakdowns from crucial support levels. While the price briefly rallied in mid-2023 and August 2024, it has since declined and is currently trading at $0.54. Northstar suggests that investors should wait for XRP to convincingly break through the $0.65 level before making an entry. He also proposes diversifying investments into other assets like gold and silver. Meanwhile, Ripple, the company linked to XRP, has attracted attention due to large XRP transactions. Ripple recently transferred 200 million XRP worth over $109 million, sparking debates about Ripple's intentions and their impact on the market.
- Content Editor ( thecoinrepublic.com )
- 2024-10-24
Analyst Issues Warning for XRP Price: Key Resistance At $0.65 Unbroken