XRP Breaks $1.60: Analysts Weigh Odds of a Run to $2
- —XRP trades near $1.62 after an intraday high of $1.66
- —The rebound from the $1.28 local low marks a gain of more than 25%
- —Immediate resistance is $1.65–1.70, where August's rally was rejected
- —Reaching $2 from $1.70 would require roughly another 18% gain
Why it matters: A break above $1.70 would confirm the trend shift and open the path to $2, while a drop below $1.50 would weaken the bullish case.
Source: U.Today