XRP faces key resistance at $1.38, liquidation exceeds $11 million

XRP is nearing a significant resistance zone at $1.38, which coincides with the red-labeled Bollinger Band. Market analysts observe that if XRP closes above this barrier on the daily chart, attention could shift to the $1.49 SuperTrend price line as a new target. Ali Martinez, a well-known cryptocurrency trader, outlined in his latest analysis that XRP may first drop towards $1.25. This support level aligns with the lower boundary of the parallel channel identified in recent price charts. Despite negative sentiment, including notable selling activity by larger holders, Martinez suggested a possible upward reversal could occur soon. He highlighted, “A bounce from $1.25 could give XRP the strength to rally toward the mid-range at $1.42 or potentially the top of the channel at $1.60.” Presently, XRP trades approximately $0.06 above…

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