Today, XRP faced a sharp decline to the crucial $2.35 support level. However, buyers aggressively defended this zone, preventing further downside and pushing the price back up.
Critical Resistance Levels
The first major hurdle for buyers is the $2.42 resistance level. A successful breakout above this point could propel XRP toward $2.59, where it recently pulled back. Beyond this, further resistance lies at $2.71, and a strong bullish push could take the price as high as $3 before any correction occurs. A surge past these levels would confirm renewed bullish momentum and set the stage for higher targets.
Possible Bearish Scenario
If XRP fails to break the downtrend line, selling pressure may intensify, pushing the price back to $2.3. A deeper decline could test the uptrend line on the 1-hour chart, a crucial support zone. If buyers hold this level, another rally attempt could follow. However, failure to maintain support at $2.3 may trigger a drop toward $2.2, and potentially $2.0–$1.8 before buyers regain control.
Market Outlook
XRP’s next move depends on whether bulls can break resistance or bears regain dominance. Traders should closely monitor volume, trend confirmations, and key support levels to anticipate the next major price movement. A breakout could fuel a strong rally, while failure to hold support may lead to further declines.
Closely monitoring trading volume changes and trend confirmations is key to understanding XRP's future prospects.
