XRP Tests $1.38 Resistance With $1.60 in Sight
- —Key resistance for XRP sits at $1.38, the upper Bollinger Band
- —A breakout targets $1.49 (SuperTrend) and $1.60 (channel top)
- —XRP futures long-to-short ratio has dropped to 0.93
- —Longs accounted for $11.88M of $12.56M in liquidations
Why it matters: A close above $1.38 would confirm a local bottom and open the path to $1.60, though weak sentiment and seller pressure could first push XRP back to $1.25.
Source: DailyCoin