$XRP Analyst tells XRP holders to be cautious. Here’s why.
"XRP has quietly gained significant traction over the past week, rising more than 26% and currently trading near $2.91. While market participants are heavily focused on Bitcoin and Ethereum, XRP has managed a notable recovery, now approaching a fundamental resistance level that could dictate its short-term trajectory.
A post shared by prominent analyst Cryptoinsightuk has reignited interest, offering a technical breakdown that supports a possible continuation of this rally.
Well-Defined Technical Zones Emerge
The hourly chart shared by the analyst highlights two well-defined supply and demand zones. The upper resistance band is just above the $2.95 level, and XRP has made multiple attempts to break through it in recent days.
The chart also shows a strong rebound from the lower accumulation zone, near $2.60, an area that previously served as a launch pad for the current bullish movement. With XRP now consolidating in a tighter range, the technical setup suggests that an imminent breakout may be underway.
