• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Key Points in XRP Price Movement: Analysis of Support and Resistance Levels

user avatar

by A1

6 days ago


XRP's price is currently between two key levels: strong support around $2 and resistance between $2.90 and $3. The $3 barrier has been tough, and there's been no breakout from the overall bullish trend.

Current Status of XRP Price

XRP is currently in a sideways consolidation phase, indicating it remains within this range. The price has not broken the overarching bullish trend, despite short-term pullbacks.

Analytical Review of Current Levels

Key Fibonacci levels are met, but there could be a small dip before further upward movement. Analyst Josh from Crypto World noted that XRP broke out from a bullish flag, signaling short-term upward movement. The target is around $3.80, implying a potential 47-48% increase from current levels. Despite bullish targets, resistance in the $2.90-$3 range remains a factor to consider.

Conclusions and Forecasts

Overall, XRP remains stuck in its current price range, with no clear breakout yet. The price likely consolidates before another upward move, but we should wait for market stabilization for definitive conclusions.

XRP's price continues its sideways movement within the current range. Market stabilization is expected before the next significant price action.

0

Share

Other news

Bullish Announces Addition of Ripple USD Stablecoin

Cryptocurrency exchange Bullish adds Ripple USD stablecoin for trading across seven markets following official launch.

user avatarA1

a minute ago

Future of Altcoins Amid Bitcoin's Rise

Bitcoin surpasses $98,000; experts forecast growth in BNB, SHIB, and TON.

user avatarA1

27 minutes ago

Why the Federal Reserve Won't Invest in Bitcoin

The Federal Reserve has no plans to invest in Bitcoin. How will this affect the crypto market and Trump's potential actions?

user avatarA1

27 minutes ago

Top Stocks for Short Selling in 2025: A Future Outlook

An analysis of company stocks offering profit opportunities through short selling strategies in 2025.

user avatarA1

28 minutes ago

BounceBit and Google Cloud: Collaboration for RWA Digitization

BounceBit collaborates with Google Cloud to digitize assets in Southeast Asia, strengthening its CeDeFi position.

user avatarA1

28 minutes ago

Optimistic Price Targets for Altcoins: BNB, SHIB, TON Coin

Analysts share price forecasts for altcoins with focus on BNB, SHIB, and TON Coin.

user avatarA1

29 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.