XRP’s Most Important Level: The Battle for $1.06 Begins

Ripple’s cross-border token has plunged by 5% over the past month to the current $1.07. This is just above the crucial $1.06 zone, which, according to some analysts, can trigger the next decisive breakout. Bulls vs.

Bears Ali Martinez believes that “everything comes down to $1.06 for XRP.” In his view, holding the line could open the door to a rally to $1.35 and even $1.64, whereas losing it might result in a potential slump to as low as $0.62.

X user ChartNerd has also stressed the importance of that level.

The analyst noted that XRP found support at $1.06, but claimed there is heavy resistance remaining above the $1.08-$1.23 range and “prior ascending support was lost.” “$1.16 remains the main roadblock ahead of the EMAs. Downward pressure remains until otherwise,” they added.