XRP is trading at approximately $2.46, reflecting slight price fluctuations within the day’s range of $2.42 to $2.48. The market is consolidating, with technical indicators signaling an imminent move in either direction.
On the daily chart, XRP continues to show bullish momentum, with strong support at $2.40. Resistance at $2.50 remains a key hurdle—if surpassed, the price could rally toward $2.70. However, failure to break through may trigger a pullback to $2.35 or lower. Buyers need to sustain momentum to avoid a potential reversal.
Short-term analysis indicates that XRP is trading in a tight range, with resistance at $2.48 and support at $2.43. A break above $2.48, supported by strong volume, could push the price to $2.55 in the short term. However, a drop below $2.43 could invite further selling pressure, potentially testing the $2.40 level.
XRP’s outlook remains positive due to increasing adoption and Ripple’s legal progress. Japan’s Open House Group recently started accepting XRP for property transactions, boosting confidence in its real-world utility. However, regulatory uncertainties and macroeconomic conditions continue to impact market trends.
XRP is at a crucial inflection point. A decisive move above $2.50 could lead to further gains, targeting $2.55 and beyond. On the downside, if XRP struggles to maintain support, a decline toward $2.40 or lower is possible. Traders should watch for breakout confirmations before taking positions.
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.
Follow us on X, Facebook, Telegram, and Google News
Amelie (@_Crypto_Barbie), one of the top crypto influencers on X, has revealed a major development…
Shiba Inu (SHIB) is trading around $0.00001487 with minor price fluctuations. Over the last 24…
Xaif (@Xaif_Crypto), a well-known cryptocurrency influencer on X, recently highlighted XRP’s significance in the evolving…
Ethereum’s latest technical signals are sparking talk of an incoming bullrun, with analysts pointing to…
What if the next bull run was already being written right under your nose, but…
In a significant development, Stuart Alderoty, Chief Legal Officer of Ripple, announced in a tweet…
![](data:image/svg+xml;charset=utf-8,<svg height="251px" width="570px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
