The XRP price shows a positive trend over the last few days, increasing by 5.46% in just 24 hours. This article examines key support and resistance levels as well as expectations for the next week.
Market Trends for XRP
Currently, on the hourly chart, the XRP price is hovering near a local resistance level of $2.5985. If bulls manage to maintain their initiative, a breakout could lead to testing the $2.60 range by tomorrow.
Short-Term Forecast
On a broader time frame, there are currently no reversal signals. If the candle closes near the previous bar's peak, a test of the $2.6549 level may occur by the end of the week.
Long-Term Outlook for XRP Price
From a midterm perspective, the XRP price is testing the $2.59 level. Traders should pay attention to the weekly candle's closure. If it occurs above the resistance level without a long wick, the accumulated energy might allow for a movement to the $2.70-$2.80 range.
In summary, the XRP price demonstrates stability and growth, creating positive expectations for the upcoming week. Keep an eye on significant levels for more accurate market movement predictions.
