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This indicates XRP may have bottomed out, will it stretch as far as $1.2
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ambcrypto.comXRP climbed rapidly over the past few days and met with resistance at the $1 mark. $1 was a round number resistance level and an area of supply. Rejection in this area and a retest of the $0.886 level would likely be a buying opportunity, targeting the $1.1 liquidity cluster.
However, even though Bitcoin is above $50k once more, the area from $50k-$54k was full of resistance, and BTC might not be able to break past it in one go.
Source: XRP/USDT on TradingView
XRP climbed above a trendline resistance (white) that had been in play since early November. Before the breakout, XRP repeatedly tested the $0.75 area (lower cyan box) for buyers. This area was an area that XRP was expected to find demand in, based on price action from August.
Plotting
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