XRP breaks out of triangle, targets $1.60
- —XRP gained 4.65% in 24 hours to an intraday high of $1.41
- —XRP futures volume rose 93.36% to $2.86 billion
- —The long-to-short ratio shifted in favor of bulls at 1.0251
- —Of $4.57 million in liquidations, $2.97 million came from shorts
Why it matters: The triangle breakout and rising volumes could open the way for XRP to $1.60, but holding above the $1.40 resistance remains key.
Source: DailyCoin