In the last 24 hours, XRP has shown a growth of over 5%, reaching a level of around $2.42. This increase has brought the token back to a critical resistance zone.
Current Price and Resistance Level
XRP is currently trading around $2.42 and has returned to the critical resistance zone between $2.31 and $2.36. This level has been a struggle for price multiple times in recent weeks.
Potential Levels for Growth
If XRP manages a daily candle close above $2.36, it could trigger a new rally towards the next resistance levels at $2.44–$2.45. The next key target would be around $2.61–$2.62.
Negative Signals and Caution for Traders
However, on the shorter time frame, XRP appears to be forming a rising wedge pattern, which is typically seen as a bearish sign. Experts warn that the current rise could be part of a pump and dump scheme.
In summary, if XRP breaks above $2.36, it could pave the way to $2.60. However, slipping below $2.27 might lead to a pullback.
