The price situation surrounding XRP remains of high interest to investors. This article examines current price levels and potential movements.
Current XRP Price Scenario
XRP is currently trading around $3.00, which is within a range from $2.85 to $3.10. The symmetrical triangle patterns have been visible on the charts for over a week. The current market situation shows that the price continues to oscillate within this narrow range after weeks of sideways action. The $3.00 level is a critical point, sitting in the middle of the battleground between buyers and sellers.
XRP Price Prediction: Upside Outlook
If XRP can break above the resistance level of $3.05–$3.10, it may open up targets in the $3.40–$3.65 range. If successful, analysts predict a possible run towards $4.50 or even $5.00 if the market sentiment continues to be positive. Positive outlooks are supported by a growing interest from institutional investors.
XRP Price Scenario: Downside Risks
The bearish outlook is anchored on XRP’s repeated failures at the $3.05 level. Each rejection chips away at bullish momentum and keeps the token pinned within the triangle. If support at $2.85 is lost, it could lead to a price drop to $2.74 or $2.66.
The situation with XRP remains tense, with potential moves in both directions. It is expected that the symmetrical triangle will resolve within the next seven to ten days, which could lead to a return of volatility in the market.
