XRP Holds $1.25-$1.60 Range for 10 Weeks, ChartNerd Says
Photo: TokenPost
XRP (XRP) has spent about 10 weeks between support near $1.25 to $1.30 and resistance around $1.50 to $1.60, with no confirmed break to establish a new direction, analyst ChartNerd said. ChartNerd’s analysis describes a parallel channel formed between the token’s 20-week and 50-week exponential moving averages (EMAs). The chart shows repeated moves between a lower band near $1.27 to $1.30 and an upper region around $1.56 to $1.60. The analyst characterized the pattern as price compression after XRP’s 70% advance in August, with recent trading near the lower boundary.
Source: TokenPost
