Current analysis of XRP suggests bullish signals, but the price remains in a tight range.
Current Support and Resistance Levels
Currently, XRP has strong support between $2.07 and $2.10, where buyers have recently stepped in. The key resistance remains around $2.19 to $2.20, which the cryptocurrency struggled to cross during its last attempt. A breakthrough and hold above this level may pave the way for targets around $2.24 to $2.25.
Market Sentiment: Bullish or Bearish?
Like the rest of the crypto market, XRP is moving cautiously. Most cryptocurrencies, including Bitcoin and Ethereum, are lacking clear direction, which also affects XRP's sideways movement. An analyst has predicted that XRP could be gearing up for a major breakout in 2025. He noted that bulls are in control for now, and if XRP manages to stay above this support zone, it could signal the next big rally in the market.
What to Expect in the Near Future?
In the short term, the focus remains on whether XRP can clear $2.20. A clean move above this could invite more buyers and push the price higher. Conversely, if XRP drops below $2.14, it could test lower support levels again around $2.07.
It is crucial to monitor XRP's dynamics as current support and resistance levels can become pivotal for future market movements.
