XRP Analyst Says Don’t Get Ahead Of Yourself Until This Level Is Broken

XRP’s rebound to $1.50 over the past few days has given bulls something to work with, but one analyst is warning that the market may be celebrating too early. Recent price data show XRP pushed into the mid-$1.50s and even tagged $1.60 this week before momentum cooled again. However, a crypto analyst who goes by the name Guy on the Earth on the social media platform X pointed out that bullish traders should not get ahead of themselves yet until XRP breaks above one proper price level. The Push To $1.50 Gave Bulls A Case The move that XRP bulls had been waiting for arrived this week. The XRP price surged from a range low below $1.40, broke above $1.50, and briefly tapped $1.60, a level of greater resistance, before retreating below $1.50 again. At the time of writing, XRP is now trading at $1.46, which shows that the breakout attempt has not yet fully escaped nearby selling pressure. Related Reading: Teucrium Founder Predicts What Will Happen To Ripple If XRP Price Goes To $3 Interesting