XRP is currently trading at $2.40, reflecting a slight decline of 0.415% from the previous close. The price has fluctuated between an intraday high of $2.42 and a low of $2.36. As the market tests key resistance and support levels, the next move could set the tone for XRP’s short-term trend.
Buyers Challenge Key Resistance
XRP recently broke above a downtrend line on the 30-minute chart, signaling potential bullish momentum. Now, buyers are pushing toward the $2.42 resistance level. A successful breakout could trigger further gains, with $2.59 as the next target. If momentum remains strong, XRP could climb to $2.71, and in an extended rally, buyers may even aim for the psychological $3.00 mark before any correction occurs.
Bears Eye a Potential Reversal
If buyers fail to push past $2.42, sellers may step in, pulling the price back to the $2.35 support level, which aligns with the 1-hour uptrend line. A breakdown here could lead to a drop toward $2.20, with further downside risk to the $2.00–$1.80 zone. A sustained move below this range would confirm a shift into a broader downtrend, potentially triggering larger losses for traders.
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Support Zones Hold the Key
For XRP to sustain its uptrend, buyers must protect critical support levels. Holding above $2.35 is essential to maintain bullish momentum. A strong defense of this level could set the stage for another attempt to break resistance, while failure could allow sellers to take control.
Make-or-Break Moment for XRP
XRP is at a decisive point, with buyers and sellers battling for control. A breakout above $2.42 could ignite a rally, while losing key support could lead to a significant decline. Traders should watch these levels closely as the market chooses its direction.
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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