XRP faces resistance at $1.27, analyst targets $1.10 on accelerated drop

XRP trades near $1.24 today after breaking below a key support zone at $1.27, with the former support now acting as resistance. Crypto analyst CasiTrades described this backtest as significant, stating that a sustained move below $1.27 could trigger the next leg down for the digital asset. CasiTrades, who regularly shares technical insights with a broad audience, cautioned traders not to be misled by the current price backtest at $1.27. The analyst remarked that resistance at this level increases the likelihood of further downside. The technical shift has caught the attention of short-term traders and investors monitoring XRP’s next move.

Source: CoinTurk News