XRP, despite ongoing price pressures, shows signs of increased investor interest. Over the past week, the asset has risen by 7.16%, reaching $3.01.
Current XRP Movements
In the past week, XRP has risen from $2.70 to $3.01. Analysts note that this rise stands out amidst the decline of other altcoins. The close on September 8 at $2.9694 was XRP's highest value for September.
Key Resistance Levels
Analyst EGRAG Crypto has highlighted the resistance levels that XRP needs to overcome to confirm a bullish trend. The first test is the $2.94 level, and closing above the 33-day simple moving average (SMA) at $2.9853 will confirm this trend.
Diverse Opinions and Risks
Some analysts, like Gordon, express optimism, stating that XRP's consolidation may serve as a foundation for a significant breakout. He suggests that should momentum increase, the token could rise to $6. However, risks remain if the level between $2.94 and $3 is not breached.
The coming days will be crucial for XRP, as its ability to close above key resistance levels may determine market direction.
