Ripple 
$1’s altcoin XRP experienced a decline of over 2% in the last 24 hours, dropping to $2.64. As uncertainty continues in the cryptocurrency market, XRP faces strong resistance between $2.65 and $2.80. The altcoin has struggled to gain momentum, significantly losing its weekly gains due to stagnation in Bitcoin 
$77,243 and Ethereum 
$2,466. Bitcoin has failed to surpass the critical threshold of $98,000, while Ethereum is trading below $3,000.
Key Support Levels for XRP
If XRP’s price continues to fall, the $2.50 level emerges as a significant support point. According to analyst Josh, if this level is breached, new support levels may form between $2.25 and $2.30. These points are seen as potential areas where the price could stabilize if selling pressure increases.
As the current downtrend persists, investors should closely monitor how the price reacts to these support levels. If a strong support area does not form, the likelihood of continued declines and testing lower levels appears probable.
What Happens If XRP Surpasses $2.80?
Should XRP exceed the $2.80 level, the $3 mark stands as a significant resistance point. If this hurdle is crossed, the $3.20 level may be established as a new target. Technical indicators suggest that if the altcoin surpasses $2.80, the uptrend may strengthen.
Market analyses indicate that if XRP breaks this resistance, it could form a short-term “cup and handle” pattern. This formation signals the potential for the price to enter a new upward trend. Investors should closely observe price movements at these levels.
Lastly, a bullish divergence has formed on the two-hour XRP chart. This technical indicator suggests a possible short-term upward response compared to the previous downtrend. The RSI has not yet reached oversold levels, but this signal is noted to remain valid.
