XRP continues its downward correction towards the critical support zone of $2.35-$2.30, aligning with an uptrend line on the 1-hour chart.
$2.30: A Key Defensive Zone for Buyers
With XRP declining, the $2.35-$2.30 region is emerging as a crucial support zone. Since this area coincides with the trend line, buyers may attempt to defend it to trigger a rebound. A successful hold at this level could push XRP back toward $2.42. If bullish momentum builds, the price may climb further to $2.59, with the potential to reach $2.71.
Bullish Outlook: Path Toward $3
If XRP reclaims $2.42, it could strengthen buying momentum. A decisive breakout above $2.71 would clear the path for a run toward $3, signaling a recovery from the ongoing correction. This move could reinforce bullish sentiment and shift market dynamics in favor of buyers.
Bearish Scenario: Potential Drop to $2
Failure to hold $2.30 could expose XRP to further losses, with $2.20 as the next support level. If selling pressure intensifies, the price may slide into the $2.00-$1.80 zone, increasing bearish dominance and weakening market confidence.
XRP’s next move depends on whether buyers can hold $2.30 or if sellers push the price lower. A rebound could spark recovery, while a breakdown may trigger deeper declines. Traders should watch these key levels to anticipate XRP’s direction.
