Ripple 
$1‘s XRP is once again capturing attention in the cryptocurrency market with notable price movements. The popular altcoin has surged nearly 20% in the last 24 hours, surpassing $2.50. With Bitcoin 
$76,047 breaking the $100,000 mark, market activity has intensified, increasing the likelihood of XRP testing the $3 level again. However, a weekly decline of 18% signals that investors should remain cautious.
XRP Price Analysis and Commentary
XRP has exhibited a volatile trend in recent weeks. Although there was a brief dip below $2.64, the price quickly recovered by finding support in the $2.22 – $2.72 range. Bitcoin’s rise above $100,000 has positively impacted altcoins, with $2.96 emerging as the current significant resistance level for XRP.
Market observers highlight that the XRP coin found support between $2.13 and $2.22 on the four-day chart. This level is critical for short-term trends. If the upward momentum continues, targets such as $4.19 and $6.62 may come into play.
XRP Coin Future Predictions and Key Levels
Market participants believe XRP may face two scenarios in the coming days. The first scenario involves a direct rise above $3. The second scenario suggests a fourth wave extension according to “wave analysis,” with limited declines potentially allowing the upward trend to persist.
Elliott Wave theory predicts that if correction movements are constructive, the price may test the $4.19 – $6.62 range. However, any significant movements in Bitcoin could also influence XRP. Therefore, it is advised that investors monitor XRP’s support at $2.22 – $2.72 and resistance at $2.96, in addition to keeping an eye on Bitcoin.
