Over the past five days, XRP has been fluctuating between $2.40 and $2.50, indicating a period of consolidation. The price is currently around $2.46, staying near its short-term resistance of $2.48. The intraday high of $2.48 and low of $2.43 suggest XRP is trading within a tight range, showing indecision in the market.
Support and Resistance Levels
Hourly:
- Support: $2.42
- Resistance: $2.48
Daily:
- Support: $2.40
- Resistance: $2.50
Monthly:
- Support: $2.36
- Resistance: $2.64
These levels indicate that XRP needs to break above the $2.50 resistance to trigger further upside momentum. If it fails, it could fall back to the $2.40-$2.42 range for consolidation.
Next 5 Days Price Prediction
- Bullish Scenario: If XRP sustains its upward momentum and breaks above $2.50, the next key target would be $2.64, aligning with the monthly resistance. A breakout beyond $2.64 could see a rally toward $2.75-$2.80 in the short term.
- Bearish Scenario: If XRP fails to break above $2.50, selling pressure could push it toward $2.40. If it loses this level, the next major support is around $2.36, which could lead to a further drop toward $2.30-$2.25.
- Neutral Scenario: If XRP continues to consolidate within the $2.40-$2.50 range, it may trade sideways before making a decisive move. Traders should watch for volume spikes and market sentiment changes to anticipate potential breakouts.
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XRP is at a critical juncture. A decisive move above $2.50 will likely trigger bullish momentum toward $2.64 and beyond, while failure to hold support at $2.40 may bring bearish pressure. Traders should monitor these key levels closely in the coming days.
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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