In the last 24 hours, XRP has shown positive momentum, aiming to break through the $2.50 mark. Analysts warn of significant resistance levels that may hinder its further growth.
Current XRP Market Situation
Currently, XRP is attempting to breach the $2.50 resistance level after bouncing from an important support area. The primary support zone lies between $2.25 and $2.30, offering price stability. However, resistance between $2.58 and $2.73, along with an additional resistance point near $2.53, could make further upward movement challenging.
Short-Term Outlook for XRP
Although there was a bullish divergence earlier, its effect has been diminished. This suggests possible price stability in the near term. If the price remains above current supports and fails to breach resistances, a sideways movement is likely.
Bitcoin's Impact on XRP
XRP's price often mirrors Bitcoin's trends. If Bitcoin continues to move sideways, similar behavior can be expected from XRP. Thus, Bitcoin's movement should be closely monitored to anticipate XRP's future direction.
Currently, XRP demonstrates resilience, holding above the support zone. However, significant resistance levels may limit potential upward movement.
