XRP Holds Strong Amid Volatility, Eyes Break Above $3.60
- XRP remains above critical support levels despite recent volatility, with its price at $2.87.
- The Relative Strength Index (RSI) indicates bullish momentum, suggesting a potential breakout above $3.60.
- Analyst Dark Defender highlights the $2.85 level as a pivotal point, now acting as resistance.
- XRP exchange reserves have surged to a one-year high, signaling possible selling pressure according to analyst Greg Miller.
Despite XRP’s steady position above key support levels and bullish technical indicators like the RSI, increased exchange reserves suggest caution among investors due to potential selling pressure.
A breakout above $3 could be hindered by these reserves unless demand significantly increases to absorb the supply influx on exchanges. (Source)
