XRP Price Analysis: Key Levels to Watch for the Next Move
Updated
XRP is currently navigating a key level near $2.45, with market participants closely observing its behavior around this region. The price action suggests a moment of consolidation, which could serve as a launchpad for the next decisive move.
Traders should remain vigilant and consider multiple scenarios as XRP approaches these critical levels. Whether it continues its upward journey or faces a corrective pullback, the next moves are likely to define its medium-term trajectory.
- A potential rejection around $2.45, followed by a bounce from $2.40 or higher, would indicate that bulls remain active, potentially driving the price toward $2.59 and then targeting $2.82. Such a scenario would confirm bullish sentiment and open up opportunities for further gains (Green Projections)
- Conversely, a failure to sustain above $2.40 could expose the market to downside risks with slow down of the momentum, with $2.19 acting as the next significant intraday support.
- A break below this level may accelerate bearish momentum, pushing the price toward $1.82 (Red Projection).
Traders should remain vigilant and consider multiple scenarios as XRP approaches these critical levels. Whether it continues its upward journey or faces a corrective pullback, the next moves are likely to define its medium-term trajectory.
Trade active
Yesterday, XRP pushed through $2.45 amid news about RLUSD and today it is confirming it as a support.
A sustained price action above $2.45 will push XRP price towards $2.82 and, higher, to $3.16.
An inability to sustain the price action above $2.45 will lead to re-test of $2.19.
Note
XRP is likely to see the re-test of $2.58, confirming it as a support, before moving to $2.82 and $3.16. I will be closely watch the price action with $2.58.Note
The current 4-Hour candle is important. We need to see a bullishness coming back to push price towards $2.82. The lack of momentum will lead to a further decline towards $2.45, a very important support level.
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