XRP has experienced a notable pullback this week after testing the $3.45 resistance level, drawing attention to key support zones.
Overview of XRP Situation
XRP encountered pressure at the $3.45 level, leading to a pullback. Analyst Egrag Crypto noted that this decline followed a previously identified bearish candlestick pattern that re-emerged in XRP's price action.
Technical Levels and Support
Despite rejections at higher levels, XRP has managed to stay above significant support levels, particularly at $2.65. Investors are closely monitoring whether the asset can find support in this area.
Potential Future Scenarios
Analysts are evaluating the possibilities of XRP consolidating at its current level or whether breaking the $3.45 will be a short-term high. Maintaining price above $2.00 is critical for sustaining investor confidence.
XRP's rejection at $3.45 has shifted market attention to nearby support zones. Price stability in the coming days will be crucial for determining whether the bullish trend remains intact.
