Analyst: XRP risks drop to $1.16 unless it reclaims $1.34
- —Key level for a shift in trend is $1.34 and last quarter's VWAP
- —Without a reclaim, the analyst sees a move to $1.20–1.16
- —Heavy shorts and falling funding do not confirm a bottom
- —XRP/BTC sits at major support without a strong bounce
Why it matters: The $1.34 and $1.16 levels will decide whether XRP extends its weekly slide or starts recovering.
Source: TokenPost