XRP will reportedly have to prove that it can overcome strong levels of resistance.
NewsBTC analyst Aayush Jindal, XRP is now brushing up against resistance at $0.2580, according to the latest reports coming from the Daily Hodl.
“On the upside, there is a major resistance forming near the $0.2580 and $0.2600 levels.”
Jindal continues and explains, “Besides, [Friday’s] highlighted major bearish trend line is active with resistance near $0.2580 on the hourly chart of the XRP/USD pair. Therefore, it won’t be easy for the bulls to push the price above the $0.2580 and $0.2600 resistances.”
XRP has to break the $0.26 level
FX Empire’s Bob Mason is on the same page. He says the digital asset needs to show that it is able to break $0.2602.
He explained that a broader crypto rally would be extremely helpful for this to happen.
Not too long ago, Ripple CEO Brad Garlinghouse decided to address some of the speculations and accusations that are floating around Ripple and XRP once again, especially the ones saying that Ripple holding XRP affects the digital coin’s price.