Crypto Analyst Warns XRP Investors Amid Market Retrace
Crypto analyst Steph has issued a warning to XRP investors regarding the current price action. He alluded to a multi-year resistance that the altcoin has struggled to break, noting that this should be the major focus as it eyes new highs.
XRP Needs to Break Above the $3.6 Resistance
In an X post, Steph shared a video in which he analysed the XRP monthly chart, dating back to the 2020 bull run. He highlighted an upward-sloping trendline for the altcoin, which showed that the altcoin has faced rejection at around the $3.6 level twice now. The first was in January of this year, when the altcoin surged to a yearly high.
Meanwhile, the second has occurred again following the XRP’s latest rally to a new all-time high (ATH) around this…
