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Ripple’s XRP has gained 18% over the past week, reaching $2.75. After testing the $2.80 mark, this popular altcoin experienced a slight pullback. The main factors currently influencing the market are its support and resistance levels. Bitcoin 
$83,064, on the other hand, is trading at $96,500, having lost over 2% in value in the last 24 hours. What lies ahead for XRP?
Can XRP’s Uptrend Continue?
XRP could maintain its upward momentum if it surpasses the $2.79 – $2.80 range. In this scenario, potential targets could be $2.96 and $3.30. If a stronger breakout occurs, prices might climb to $4.19 or even $5. However, if the market fails to break through these levels, the price may remain stagnant for a while.
$0.003185 XRP Price Analysis, Commentary – February 17, 2025Experts emphasize the importance of a sustained rise above $2.80. If this level is breached, the altcoin could advance towards new peaks. Nevertheless, market conditions remain uncertain, with warnings of sudden pullbacks.
Crucial Support Levels for the Altcoin
XRP surged sharply in November 2024, surpassing its 2021 peak of $1.96. After reaching $2.90 in December, the price entered a correction phase. In recent weeks, the altcoin has found strong support at the $1.95 level amidst volatile trading.
Analysts identify the most critical support range for the medium term as being between $1.96 and $2.35. While the recovery from the low seen on February 3 continues, some experts believe a new downturn may be imminent. They caution that the price could retest fundamental support levels before any significant breakthrough occurs.
