XRP shows confidence by staying above a critical level of $3.10. This mark may indicate a likely continuation of bullish trends, targeting $3.36 and $3.80.
Current Prices and Resistance Levels
According to TradingView, XRP is trading around $3.18 on the daily chart, comfortably holding above the $3.10 level. This mark has historically served as a barometer for determining the further strength of movements. A recent dip to $2.84 temporarily touched the lower Bollinger Band before buyers stepped in. The next resistance level is at $3.36.
Resilience on Weekly Chart
The weekly chart shows XRP's resilience, which continues to hold above the $2.48 levels. This price previously acted as both resistance and support and has not been breached since the summer breakout. The current market sentiment suggests a support zone between $2.80 and $2.85. A deeper fallback is likely to meet stronger support at around $2.50.
Room for Further Prospects
Technical indicators continue to suggest that the ongoing rally has not exhausted its momentum. Market participants are closely watching the interaction between price and the upper Bollinger Band. A decisive breakout above $3.36 would confirm continued buying strength, possibly setting the stage for further gains by the end of the month.
XRP continues to trade within a favorable technical structure, supported by strong buying activity and a positive trend observed on all time frames. Monitoring resistance and support levels will be key for further price fluctuations.
