XRP continues to trade near key levels, which could define its short-term trend. Let's take a closer look.
Buyers Challenge Key Resistance
XRP recently broke above a downtrend line on the 30-minute chart, signaling potential bullish momentum. Buyers are pushing towards the $2.42 resistance level. A successful breakout might trigger further gains, with $2.59 as the target and possibly $2.71. If momentum stays strong, the price could rise to $3.00.
Bears Eye a Potential Reversal
If buyers fail to break past $2.42, sellers might push the price back to the $2.35 support level, aligning with the 1-hour uptrend line. A breakdown could lead to a drop toward $2.20 and further into the $2.00–$1.80 zone. A sustained move below would confirm a bearish trend shift.
Support Zones Hold the Key
To maintain its uptrend, buyers must protect key support levels. Holding above $2.35 is crucial for bullish momentum. A strong defense of this level could pave the way for another resistance test, while failure might shift control to the sellers.
XRP is at a decisive point, with buyers and sellers battling for control. Keep an eye on $2.42 and $2.35 levels as they could dictate the next price move.
