The XRP cryptocurrency is under pressure, showing a 2% decline over the last 24 hours. The following information outlines the current support levels and future movement prospects.
Current XRP Situation
At present, XRP is trading at $2.9481. Over the past day, the cryptocurrency's price has fallen by nearly 2%, indicating the current negative market sentiment.
Support and Resistance
According to hourly data, XRP's price is nearing a local support level of $2.9209. If it breaks this support, the next target could be the zone of $2.80-$2.85. On a longer time frame, the price remains distant from key levels, and traders should pay attention to the interim area of $3. If the daily candle closes below this level, a further decline down to the support at $2.7387 may occur.
Future Movement Prospects
From a midterm standpoint, the price of XRP is closer to support than to resistance. If bearish pressure continues and the candle closes near the bottom level, there is a likelihood of testing the $2.50-$2.70 range.
Current data suggests a weakening position for XRP, with prospects for further decline if key support levels do not hold.
