XRP is currently shining with a robust price structure in the short term. The altcoin is signaling upward momentum while holding onto key support levels. Despite ongoing fluctuations in the cryptocurrency market, XRP’s current price setup is drawing attention. As of this writing, XRP is trading below $3.10 and has lost over 1% in value in the last 24 hours.
XRP Holds at a Critical Support Region
After a pullback in mid-January, XRP coin has retraced to the support zone between $2.52 and $2.68. This area is regarded as a critical boundary for the price direction. Although the market has not strongly reacted at these levels, maintaining this range is a significant indicator.
$2-XRP-Coin-Fiyat-Analizi-scaled.jpg” alt=”” width=”2560″ height=”1417″ />If XRP price holds at the $2.65 level, the market may prepare for a new upward movement. Experts suggest that maintaining this price level could initiate a move towards the $4.20 to $5 range. The ongoing decline is viewed as a technical correction process, and if it concludes as expected, a new surge could commence.
Resistance Levels Will Determine XRP’s Price Direction
For XRP to sustain its upward movement, it must break certain resistance levels. The first level to surpass is $3.21, which could enable upward momentum. For a stronger rally, breaching the $3.40 level is essential.
As long as these levels remain unbroken, it’s likely that the price will move within a narrow range. The support area between $2.76 and $2.97 may also be retested. Should XRP rise above $3.21, the market may confirm a bullish trend.
Technical analysts predict that surpassing these levels could trigger new buying waves. However, if the price drops below $2.76, a broader correction may ensue. In this scenario, it is crucial for followers to closely monitor these resistance points.
