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Analyst Says XRP Still Not Looking Hot, Reveals Cr

Analyst Says XRP Still Not Looking Hot, Reveals Critical Levels to Watch


A prominent market analyst has suggested that XRP is still not looking hot despite the recent recovery push.

Notably, XRP continues to face pressure around the lower end of the $2 range, and broader market sentiment remains uneasy. At press time, XRP trades at $2.08, down over 3% in December. Currently, the bears aim to push the price below the $2 support. 

XRP Not Looking Too Hot
Amid this downtrend, crypto analyst Mr. Xoom recently called for caution. Mr. Xoom explained that XRP’s structure does not look strong despite the relief rally on Dec. 2 and 3, which culminated in an 8% gain. The analyst also noted that most crypto assets sit right under major resistance zones.According to Mr. Xoom, the stock market, especially the Russell index, has not shown the kind of strength that usually supports a solid crypto rally. Because of this setup, he urged traders to approach every short-term bounce with caution.

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