XRP holds $1.30 support, analysts eye $1.39 resistance and $1.22 entry

XRP is hovering around $1.30 as traders assess whether the cryptocurrency can maintain this key support or face another move lower. The token, which is used by Ripple for fast global payments, has slipped 0.47% in the past 24 hours and 7.21% over the past week, according to CoinGecko. Over the same period, its daily trading volume reached $1,006,675,899. Technical analyst Vuori Trading identified the $1.30 to $1.32 range as a crucial support zone. The next significant resistance appears at $1.39. Should XRP break above its current descending channel, the analyst sees potential for a rally toward $1.87. However, this bullish scenario depends on a confirmed breakout. Failure to clear resistance could push XRP lower, with Vuori Trading stating that $1.16 may become the next key level if support breaks.

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