Analyst: XRP 'inching closer to a big move' toward $1.62
- —XRP has faced resistance near $1.53 for seven weeks
- —Martinez targets $1.62 on a descending triangle breakout
- —A fall below $1.4699 would invalidate the setup
- —24-hour trading volume jumped 75% to about $1.95 billion
Why it matters: A break above $1.53 could open the way to $1.62, while losing $1.4699 would delay the rally and increase selling pressure.
Source: Finbold