Analyst flags double bottom and bullish divergence in XRP at $1.29
- —XRP trades near $1.29, down 3% in 24 hours, 14% in a month and 30% year to date
- —A double bottom formed in the $1.20–1.30 zone after the August–October decline
- —Large holders control 68.5% of XRP supply, the highest since November 2022
- —Key resistance sits near $1.60, with support at $1.20–1.30
Why it matters: A break above $1.60 would confirm the reversal, while a drop below $1.20 would invalidate the rebound setup and add selling pressure.
Source: Digital Today