XRP Gains 4.4% to Test $1.60 Barrier as Peter Brandt Eyes $5.40
- —XRP rose 4.4% in 24 hours and about 13.5% over seven days
- —Nearest resistance is $1.60 (78.6% retracement), first support at $1.524
- —Brandt's monthly chart implies an eventual move to $5.40 with no deadline
- —Price sits above the 50-, 100- and 200-period SMAs but lacks bullish alignment
Why it matters: A break above $1.60 opens the path to the August high near $1.70, while rejection would send price back to support at $1.524.
Source: Coindoo