XRP May Drop to $1.25 Before a Potential Rebound to $1.60, Says Analyst

Analyst identifies $1.25 as a potential buying level for XRP, with rebound targets at $1.42 and $1.60 if support holds. XRP’s RSI is at 30.20 and its negative MACD signals persistent selling pressure, with immediate support around 1.29–1.30. Ripple congratulated Evernorth on its Nasdaq debut, highlighting its institutional XRP strategies and role in the XRP ecosystem. XRP could fall toward $1.25 before attempting a rebound to $1.42 or $1.60, according to analyst Ali Charts. The token traded near $1.3059 on the four-hour Binance chart, with bearish momentum persisting after its September rally.

Source: Crypto Front News