The cryptocurrency market remains volatile, and XRP is facing challenges despite recent growth above key resistance levels.
Current Market Situation of XRP
Currently, XRP is struggling to maintain a price around $2.10, having dipped to $2.03. The cryptocurrency has fallen back under key resistance levels.
Expert Opinions Analysis
Analyst CasiTrades warns that the recent rise could have been a false breakout. She noted that if open interest increases without a significant price move, a liquidity sweep to the downside could occur. "If we fail to hold $2.25, it puts $2.01, $1.90, and even $1.55 in play," she explained.
Prospects for the Coming Weeks
Despite high short-term risks, some analysts remain optimistic about XRP's medium-term prospects. If the market can shake off current bearish sentiment, XRP could recover towards $2.25–$2.35 initially, with ambitious targets of $3 by the end of July if bullish momentum builds.
Thus, XRP finds itself in a challenging situation, with risks of decline, but also potential for growth in the medium term.
