XRP faces breakout test as analyst sets $1.31 daily close for confirmation

XRP has been trading below a descending resistance line since late September, with technical signals now hinting at a potential breakout. Cryptocurrency analyst Steph Is Crypto, known for his technical analysis shared on social media, stated that the current price action is the first meaningful attempt to push above this key trend line since its formation. In a recent video to his audience, Steph Is Crypto emphasized the importance of examining the daily candlestick close rather than focusing on intraday wicks. He explained that a daily close above $1.31, with a preference for $1.32, would provide early confirmation of a trend reversal and suggest the start of a sustained move upward.

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