XRP prices are drawing attention again with signs of a potential breakout. Let’s examine the current expectations and charts of XRP.
Current Market Situation of XRP
According to the latest data, the price of XRP is around $2.42, which is up 1.68% from the previous day. The daily chart shows a bullish structure with a sequence of higher lows and rising moving averages. The main resistance is at $2.30, which was successfully tested, and the price is now hovering around $2.42.
Hourly Chart Analysis
The hourly chart shows a classic ascending triangle pattern with rising lows. XRP is holding above the 20, 50, 100, and 200-hour SMAs, indicating an overall bullish trend. A confirmed hourly close above $2.44 could lead to fast movement towards the $2.60 level.
Future Predictions
If the trend continues and XRP price maintains support at $2.30, a breakout above $2.43 could lead to further movement towards the $3.16 level in the next 1–2 weeks. Key levels to watch are resistance at $2.43, support at $2.30, and target levels at $2.80 and $3.16.
The current situation in the XRP market indicates potential bullish movements if the price breaks through key resistance. Investors should monitor the currency, especially around the $2.30 and $2.43 levels.
