XRP faces key Ichimoku Cloud resistance on weekly chart

The Ichimoku Cloud on Ripple's (XRP) weekly chart is acting as strong overhead resistance and limiting the asset's recovery, according to an analysis by The Crypto Basic. The outlet noted a repeating pattern of consistently lower highs, suggesting that selling pressure continues to dominate the market. A weekly close above $1.1444 could break the pattern of lower lows seen over the past 12 months, potentially allowing a rise to $1.2050, where the Tenkan-sen line is located. However, the analysis concludes that the Ichimoku Cloud remains a key resistance level hindering further gains.