The start of a new week for cryptocurrencies has been positive for most tokens, including XRP, which has shown price growth. We will examine XRP's current state and its market position.
Current Situation with XRP
The price of XRP has increased by 1.05% over the last day, reaching $3.2257 at the time of publication. This trend indicates potential for further growth in the short term.
Support and Resistance Levels
On the hourly chart, XRP is coming back to the local support level of $3.1720. If the daily candle closes near or below this level, it may lead to a decline in price to the $3.10-$3.15 range. On the longer time frame, XRP has once again bounced off the resistance of $3.333, and if the bar closes with a long wick, a further drop to the $3.10 range also becomes likely.
Future Forecast
The week has just begun, and it is too early to make long-term predictions. However, for buyers to seize initiative in the mid-term, they need to fix above the $3.40 zone.
XRP shows positive growth signs at the beginning of the week, but it remains important to monitor support and resistance levels to assess future market trends.
