XRP shows signs of recovery after testing the support level at $2.76 and aims for $3.60, while traders closely monitor price trends.
Current XRP Situation
XRP rebounded from $2.76 support and is currently consolidating above $3.00, trading at $3.01 with a 24-hour volume of $3.36 billion. Despite a daily decline of 1% and a weekly decline of 4%, the market remains active. Short-term resistance is near $3.10, which could lead to higher targets.
Long-Term XRP/BTC Outlook
XRP/BTC is approaching a significant level that could catalyze a breakout after eight years of downtrend. The chart displays a converging triangle pattern, with XRP currently trading around 0.00002640 BTC, on the verge of a breakout.
Market Indicators and Forecasts
The daily XRP/USDT chart shows price consolidating between $2.90 and $3.20. The Relative Strength Index (RSI) is at 48.86, indicating a neutral trend, while a positive BBTrend suggests mild bullish conditions. Traders are watching for a break above $3.20 to confirm renewed bullish momentum or a fall below $2.90.
XRP shows signs of recovery, and traders are closely monitoring its movements. Opportunities for growth towards $3.60 depend on breaking key resistances and further analysis of indicators.
