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Altcoins & DeFi

XRP Flashes Multiple Buy Signals Even as Struggle Near $1.30 Continues

Image: CryptoPotato

Crypto markets came under fresh pressure on Thursday morning. XRP was caught in the sell-off as it briefly slipped below $1.3 before clawing its way back above that level. Fresh data suggests that woes for the crypto asset may not be over in the short term, but the broader picture remains strong. Possible Bottom? XRP could see another dip before making a stronger recovery, according to Ali Martinez. The token appears to be moving within a parallel channel on the hourly chart. The analyst is watching the $1.25 level for a potential buying opportunity. If XRP bounces from there, the price could climb toward $1.42. A stronger move could push it toward the channel’s upper boundary at $1.6.

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