After nearly a week of almost consistent price losses, Ripple’s cross-border token has finally rebounded, marking a 4% increase since yesterday to just over $1.60.

Analysts rushed to offer their views on the asset’s short-term price performance, with Ali Martinez outlining the next significant support lines if XRP’s current recovery is nothing more than a dead-cat bounce.

After nearly a week of almost consistent price losses, Ripple’s cross-border token has finally rebounded, marking a 4% increase since yesterday to just over $1.60.

Analysts rushed to offer their views on the asset’s short-term price performance, with Ali Martinez outlining the next significant support lines if XRP’s current recovery is nothing more than a dead-cat bounce.