XRP's price shows weakness despite the recovery of the crypto market. Experts discuss key support levels and predict potential price ranges.
XRP Amid Market Recovery
XRP fell over 1% despite a broader market recovery. Over the past week, the cryptocurrency recorded a decline of approximately 0.7%, but on the monthly chart, it showed a gain of 1.6%. The price today stands at $2.18, holding a crucial support level. The crypto reached a one-day high of $2.21 and a low of $2.15 in the last 24 hours.
Short-Term Targets for XRP
Analyst CasiTrades highlighted key price levels for XRP, emphasizing the importance of holding the $2.16 support level. A confirmation of the bullish trend is anticipated if this level is maintained. Analysis shows signs of seller exhaustion and RSI divergence, indicating a potential buying opportunity. If XRP stabilizes and reclaims the $2.25 support, its next targets could be $2.69 and $3.04.
Long-Term Outlook for Ripple Coin
Analyst EGRAG CRYPTO remains optimistic about XRP's future, setting three target prices of $15, $22, and $40 in conservative, average, and optimistic scenarios. However, it is crucial to monitor the support level at $2.16, as a breakdown below this could lead to further price decline below $2.
The situation with XRP emphasizes the need for close monitoring of key support levels and expert forecasts that could significantly impact future price movements.
