XRP Analyst Alex Marzell Sets $1.20 as a Short-Term Pivot

Analyst Alex Marzell said XRP had fallen below $1.20 on Nov. 6, identifying the level as a dividing point in a short-term outlook with conditional levels above and below it.

“$1.20 is the level that decides it now,” Marzell said. If XRP regained $1.20, his scenario put $1.22 in view. If it did not, he cited $1.16 and then $1.14 as lower reference points. These are conditional scenarios, not confirmed price targets.

The short-term levels differ from an earlier November forecast, which put XRP’s monthly downside range at $1.10 to $1.20 under a condition of a daily close below $1.20.