XRP holds near $1.40, but can bulls take control amid a BTC uptick?

1 month ago 14

Rommie Analytics

  • XRP rose above $1.40 as Bitcoin surpassed $81,000.
  • A 23% surge in daily trading volume suggests sellers are active.
  • The CLARITY Act, ETF inflows, and regulated exposure are likely to aid bulls further.

XRP trades near the $1.40 resistance level, with recent upward momentum pushing the cryptocurrency above a key level amid overall market enthusiasm.

While the uptick has stalled following Bitcoin’s breakout to above $81,000 and slight retreat, a pause could act as a base for fresh consolidation before XRP ticks up.

The Ripple-linked asset looked to have shrugged off news that a key insider trimmed their holdings in favour of the Ripple stock.

XRP price today

XRP is trading near the $1.40 resistance, with price action stalling at the level after the latest push higher amid Bitcoin’s spike to above $81,000.

The Ripple-linked cryptocurrency could eye an upside extension. However, it also risks a pullback on potential profit-taking across the market.

A 23% increase in daily volume suggests that sellers are active, with bulls now in need of a decisive breakout to retain control.

Ripple CTO trimmed XRP holdings

Ripple’s Chief Technology Of...

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