XRP is trading at $2.2537, reflecting a 4.29% decline from the previous session. The price faced resistance at $2.30, where buyers struggled to push higher, leading to increased selling pressure. Now, XRP is approaching a key support level at $2.13, aligning with the 0.618 Fibonacci retracement, a crucial area that could determine its next move.
The broader market remains uncertain, with Bitcoin and other altcoins also experiencing volatility. Whether XRP holds this support or breaks lower will dictate short-term price action and investor sentiment. A strong rebound could restore confidence, while a breakdown may trigger deeper losses across the crypto market.
Key Support and Resistance Levels
- Support: $2.13, $2.00, $1.80
- Resistance: $2.31, $2.50, $3.00
If $2.13 fails, XRP may decline toward $2.00, a psychological support level. A deeper pullback to $1.80 could follow if bearish momentum intensifies.
Potential Price Scenarios
A break below $2.13 could accelerate selling pressure, pushing XRP toward $2.00. If sellers remain dominant, $1.80 could emerge as the next major support level. Sustained weakness may lead to further declines, possibly extending toward $1.60 in an extreme bearish scenario.
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If buyers defend $2.13, XRP could rebound toward $2.31. A breakout above $2.50 may trigger bullish momentum, potentially driving the price to $3.00, a key resistance zone that could attract further buying interest. A sustained rally beyond $3.00 could shift sentiment toward a stronger bullish trend.
XRP is at a pivotal point, with $2.13 as the key level to monitor. Holding above it could spark a recovery, while a breakdown might lead to further losses. Traders should remain cautious, watch price action closely, and prepare for potential volatility.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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