XRP continues to face pressure, trading at $2.2942, down 4.98% in the last 24 hours. This decline has placed the cryptocurrency at a crucial juncture, with observers closely watching key support and resistance levels to determine its next course.
Crucial Support Levels for XRP
If XRP continues its downward trajectory, $2.25 serves as the immediate support level. A drop below this could push the price further down to $2.15, with $2.08 acting as the last line of defense against a deeper correction.
Resistance Levels to Overcome
Should buying pressure increase, XRP could face its first resistance at $2.42. A successful breakout above this level could see the price test $2.49, with the potential to reach $2.59 if bullish momentum strengthens.
Market Indicators Signal Uncertainty
Currently, the MACD indicator is near zero, reflecting market indecision. A bullish crossover above the signal line could trigger renewed buying momentum. Meanwhile, the RSI stands at 51.37, indicating a mild bullish sentiment, suggesting a consolidation phase for XRP.
With both MACD and RSI reflecting a state of uncertainty, XRP’s next major move will depend on whether buyers or sellers gain control. Traders should closely monitor the $2.25 support and $2.42 resistance zones, as price action around these levels will likely determine XRP’s next significant move.
