XRP (CRYPTO: XRP) is testing $2.13 after four consecutive rejections at a key resistance line, but Ripple’s $150 million deal with LMAX Group and $1.26 billion in ETF inflows are setting up a potential breakout to $3.
Four Rejections Mark The Resistance
XRP has tried to break above a descending trendline four times since July’s $3.60 peak—and failed every single time.
The rejections came in August, September, October, and most recently in early January. Each attempt met with strong selling pressure at the same technical level.
Right now, XRP is …