In recent days, the cryptocurrency XRP has shown steady growth, rising from $1.93 and aiming to overcome resistance at $2.33. However, the recent pullback raised questions about trend exhaustion.
Current Market Situation of XRP
Currently, XRP is trading at around $2.27 following a pullback from a recent high of $2.33. Analyst CasiTrades points out that the current price remains in a healthy range, retesting former resistance as new support.
Price Analysis and Forecast
According to analysis by CasiTrades, the support zone coincides with the upper boundary of a consolidation range and the 0.382 Fibonacci level, making it an ideal area for buyers. If this support holds, XRP may rise to $2.69 and potentially to $3.04 in the next wave.
Risks and Key Levels
At the same time, if XRP drops below $2.16, it could break the current setup and open the way for a decline toward levels around $1.90. Attention from investors is focused on whether buyers can firmly hold current levels and push above $2.30.
XRP shows potential for further growth; however, risks related to support levels and market dynamics remain. Investors are advised to monitor the situation closely.
