A well-known investment strategist has recommended buying XRP and provided key levels for investors to monitor. Despite a broader crypto market pullback, XRP has shown resilience and outperformed other assets. The investment strategist's analysis indicates that XRP is trading within a range, with $1.30 acting as a critical stop-loss level and $1.60 as the primary resistance level. Breaking above $1.60 could lead to higher gains for XRP. The chart also suggests a bullish channel, with volume data showing strong buying interest despite recent consolidation. On-chain data reveals increased accumulation by whales, but smaller investors are selling off their holdings. XRP is currently trading at $1.44, with a 176% increase this month.
- Content Editor ( thecryptobasic.com )
- 2024-11-26
Investment Strategist Says Keep Buying XRP if XRP Holds This Level