XRP price has shown significant recovery, exceeding the $2.28 mark, sparking optimism among market participants. This movement occurs amid a broader crypto market recovery.
XRP Price Recovery
XRP price surged more than 1%, reaching $2.29 at the time of writing. The one-day trading volume increased by 42% to $2.5 billion. Over the last 24 hours, the cryptocurrency hit a high of $2.30 and a low of $2.25.
With its current gains, Ripple has added over 4% weekly and approximately 5% over the last 30 days. The relative strength index (RSI) stands at 56, indicating a neutral state for the asset.
Key Levels for Ripple
Analysts highlight key price levels to watch moving forward. For XRP to continue its upward trajectory, it must break through the $2.33 resistance level. Analyst Ali Martinez noted that if Ripple surpasses this mark, it could target $2.6. Additionally, the weekly candle close above $2.28-$2.33 is critical.
Expert Opinions
Analyst EGRAG CRYPTO emphasized that a close above $2.35 would be bullish, while closing above $2.42 would be super bullish. Expert Captain Faibik forecasts that XRP is poised for a bullish rally with potential growth to $4.60. Meanwhile, the $2.33 level remains a key resistance, and breaking through it may lead to significant price increases.
Overall, XRP's price shows signs of recovery with support from the overall crypto market rise. However, to achieve further growth, it is crucial to surpass key resistance levels.
