XRP price experienced a significant rise this summer, but since then the market situation has stabilized. Let's review current indicators and forecasts.
Current Market Situation of XRP
Since the sharp rise in XRP price in July, reaching over $3.60, the asset has shown resilience in the range between $2.60 and $3.00. Currently, there is relative calm in the market.
Analysis of XRP Charts
On the 4-hour chart, it can be observed that XRP price peaked at $3.66 in July before trending lower. The current support level is around $2.80. Low volatility and small candles suggest that the market may be building momentum for the next move.
Forecast for the Coming Week
For the next week, it is expected that the XRP price will remain within the $2.70-$3.00 range. If bulls break the $3.00 level, a quick rally towards $3.20 or $3.30 may occur. However, if the price drops below $2.70, the next stop might be closer to $2.50. The market is awaiting news and volume analysis.
Currently, the XRP market remains in a waiting game. Investors await confirmation of price direction, and the ongoing stability may herald future changes.
