The XRP token is demonstrating volatility in the market, remaining in a narrow price range after a recent rally. This article examines support and resistance levels as well as long-term forecasts.
Long-Term Trend and Divergence
On the weekly chart, analyst Josh from Crypto World states that XRP still carries a bearish divergence that has not yet been invalidated. This signals the need for caution for long-term traders, even though the overall structure remains bullish. The bigger picture suggests that XRP could be preparing for further upside, but short-term movements may continue to be choppy.
Key Zone on Daily Chart
On the daily chart, XRP is retesting the $2.97–$3.10 zone, which has acted as both resistance and support in recent weeks. A confirmed close back below $2.97 could weaken the bullish case in the short term, pushing the price into a sideways range. If bulls manage to hold above $2.97 and reclaim $3.10, it would strengthen the breakout structure. On the downside, a break below $2.90 would invalidate the current bullish setup and open the door for a retest of deeper support around $2.85–$2.90.
Support and Resistance Levels to Watch
Key levels to watch include:
* Immediate support: $2.97, followed by $2.90 * Critical support: $2.79 – breaking below this level could trigger a deeper correction, with targets around $2.21–$2.46 * Resistance levels: $3.10, followed by $3.30–$3.40.
For now, as long as XRP stays above $2.79, the main thesis remains that September marked a fourth-wave bottom, with a possible fifth-wave rally targeting $5 in the longer term.
The analysis of XRP's current state shows that despite potential volatile movements, there is potential for further growth. Monitoring key support and resistance levels will assist traders in making more informed decisions.
