Analysis of current XRP price levels suggests that breakthroughs at key resistance levels are necessary to reach $3. Experts share their views and forecasts.
XRP Must Overcome the Moving Average Level
As of now, XRP price is at $2.26, showing a decrease of 0.1% over the last 24 hours. Analysts highlight important resistance levels that need to be overcome for further growth. XRP needs to close above the $2.20-$2.30 range and then overcome the 200-day simple moving average (SMA) at $2.36. Historically, crossing above the 200-day SMA has preceded significant rallies, including a 430% increase in November 2024.
XRP/BTC Pair: The Start of a Bullish Trend
The XRP/BTC pair is also showing bullish signs. On July 6, the pair broke above a multi-month descending trendline at 0.00002065. A retest of this line will confirm the end of the downward trend and open the way for further growth. Analysis shows there is a bullish divergence between the XRP/BTC pair and the relative strength index (RSI), indicating potential seller exhaustion.
Market Support and Expectations
Expert opinions support the idea that XRP may continue its ascent. The pseudonymous analyst MikybullCrypto noted that the pair needs to break above 0.000022 to confirm further growth. Breaking through current resistance levels in the future may lead to significant gains, potentially allowing XRP to push above $3.
Thus, XRP faces key resistance levels that must be overcome. Should the price rise above $2.30 and $2.36, a strong increase is expected. Current trends and divergences give reason to hope for further strengthening of XRP's position in the market.
