XRP Must Reclaim $1.15 for Meaningful Relief: Analyst
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Analyst Jordan Kerridge warns XRP has broken below its key $1.15 support, signaling a breakdown in market structure and increasing bearish pressure. He says XRP must rebound above $1.15 quickly to avoid further declines, with the price drop reflecting weakness across the broader crypto market.
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- Analyst Jordan Kerridge says XRP has dropped below its last line of defense at $1.15.
- For any chance of meaningful relief, XRP needs to rebound quickly above $1.15.
- XRP’s price decline reflects the overall trend in the broader cryptocurrency market.
A crypto analyst has identified a significant weakness in XRP’s price structure that could lead to further decline. In his latest post on X, Jordan Kerridge, popularly known as “That Martini Guy,” noted that breaking below the $1.15 support suggests growing weakness in the XRP price structure.
According to Kerridge, XRP’s $1.15 support was one of the few levels that helped to maintain the market structure. With that level now subdued, he thinks the bulls are losing confidence, and the cryptocurrency’s price could see more bearish pressure.
A Concerning Scenario for XRP
Kerridge noted that apart from br…
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