Ripple Price Analysis: Is It All Doom and Gloom for XRP After the Latest Rejection at $1.60?

Your call?🐂 Bullish🐻 Bearish

$1.60

XRP resistance level

$XRP

$1.53

+2.1%

XRP’s breakout from its descending channel delivered a strong rally, but the move has now met substantial selling pressure at a major resistance area. The resulting pullback puts the recent breakout to the test, with the next reaction…