XRP Analyst Marks $1.26 Support and $0.98 as Deeper Downside

XRP traded at $1.29, up 0.79% over 24 hours, as of 10:44 UTC Sunday (6:44 a.m. ET). Analyst Ali identified $1.26 as the possible lower edge of a price channel XRP has formed since August. Ali’s scenario puts $1.11 in view if XRP falls below $1.26, with $0.98 as a deeper level. The $0.98 level is about 22% below $1.26. Ali tied it to continued selling by large holders. The number of wallets holding 10 million to 100 million XRP declined to 339 from 351 in recent weeks.

Source: TokenPost