XRP Weekly Prediction: Bulls Target $3.4 Amid Market Consolidation

XRP is trading at $2.18, showing a slight uptick from the previous session. The asset has been consolidating within a defined range across different timeframes, setting the stage for its next major movement. Key resistance and support levels will determine whether XRP can break out or face further corrections.

Weekly Timeframe Outlook

On the weekly chart, XRP has been range-bound, with support near $2.00 and resistance at $3.40. This extended period of consolidation suggests that a breakout in either direction could be significant. If bulls push beyond $3.40, XRP may rally toward $4.00, while a breakdown below $2.00 could trigger a decline to $1.80.

Daily Chart Analysis

The daily chart indicates resistance at $2.64, a crucial level to overcome for further upward momentum. If buyers gain control and break this resistance, XRP could climb toward $2.80, with extended targets near $3.00. Conversely, if $2.00 support fails, a deeper retracement toward $1.85–$1.90 is likely.

4-Hour Chart and Short-Term Movements

The 4-hour timeframe shows that XRP is facing resistance between $2.90 and $3.00, with strong support around $2.40–$2.50. A breakout above $3.00 could confirm a bullish trend, potentially pushing XRP toward $3.40. However, falling below $2.40 may indicate weakness, leading to a retest of the $2.15 zone.

Predicted Price Action for the Week

Bullish Scenario: If XRP clears the $2.64 resistance on the daily chart, expect a move toward $2.80–$3.00. A breakout above $3.00 could lead to $3.40.

Bearish Scenario: Failure to hold above $2.15–$2.00 may trigger a downturn toward $1.85.

XRP’s price action this week hinges on key resistance and support levels. While a bullish breakout remains possible, traders should monitor market sentiment and volume closely. Given crypto volatility, strategic risk management is essential for navigating potential price swings.

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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