Remarkable Rise in XRP! Can the Resistance Level Be Broken?

$XRP, which experienced one of the most remarkable rallies in the cryptocurrency market in recent days, faced intense profit-taking at the $1.25 level after breaking through the $1.20 resistance. The upward movement, supported by strong Asian demand and ETF inflows, lost momentum as investors turned to profit realization.

$XRP gained more than 10% during the day, rising to $1.25. However, buying strength weakened at this level, and the price failed to make a sustained breakout. The market is now closely watching whether the $1.20 level, which previously acted as a significant resistance, can hold as a new support zone.

Last week, there was also significant activity in investment products focused on $XRP. According to the data, $XRP ETFs recorded net inflows of approximately $10.68 million. This is considered a significant indicator of renewed strength in institutional investor interest.

Demand originating from Asia was also a decisive factor in the price movement. On Upbit, one of South Korea’s largest cryptocurrency exchanges, $XRP’s share of total trading volume increased from 13% to 31% in just one week. This increase accelerated $XRP purchases by investors in the region.

Another factor supporting the rise was news of expansion in payment infrastructure. The growing collaboration between the $XRP ecosystem and OpenPayd, and developments regarding the native stablecoin project RLUSD, positively impacted investor sentiment.

However, analysts note that $XRP must maintain the $1.20 level to continue its uptrend. A loss of this support could increase the risk of a short-term correction, while a sustained break could lead to a retest of the $1.25 resistance level.

According to market experts, trading volume, ETF flows, and demand on Asian exchanges will be the most important factors determining $XRP’s short-term direction in the coming days. Investors are particularly closely monitoring price movements in the $1.20–$1.25 range.

*This is not investment advice.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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