XRP Poised for a Breakout or a Crash—Key Levels to Watch for Its Next Move

XRP faced a sharp decline today, dropping to the crucial $2.35 support level. However, buyers aggressively defended this zone, preventing further downside and pushing the price back up. This rebound has led to another test of the downtrend line on the 30-minute chart, marking the fourth touch at this resistance. If bulls manage to break through, XRP could see a significant upward move.

Critical Resistance Levels to Watch

The first major hurdle for buyers is the $2.42 resistance level. A successful breakout above this point could propel XRP toward $2.59, where it recently pulled back. Beyond this, further resistance lies at $2.71, and a strong bullish push could take the price as high as $3 before any correction occurs. A surge past these levels would confirm renewed bullish momentum and set the stage for higher targets.

Possible Bearish Scenario

If XRP fails to break the downtrend line, selling pressure may intensify, pushing the price back to $2.3. A deeper decline could test the uptrend line on the 1-hour chart, a crucial support zone. If buyers hold this level, another rally attempt could follow. However, failure to maintain support at $2.3 may trigger a drop toward $2.2, and potentially $2.0–$1.8 before buyers regain control.

Market Outlook

XRP’s next move depends on whether bulls can break resistance or bears regain dominance. Traders should closely monitor volume, trend confirmations, and key support levels to anticipate the next major price movement. A breakout could fuel a strong rally, while failure to hold support may lead to further declines.

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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