As of today, XRP's price is showing signs of strength. After bouncing off a support level near $3.00, the price has climbed to $3.26, just below a key resistance zone.
Current Price Analysis of XRP
Currently, the price of XRP is at $3.26. Earlier predictions indicated that if the price broke $3.10, a pathway to $3.25–$3.50 would open. This indeed happened when XRP surged to $3.30 before slightly cooling off. The support zone from $2.80 to $3.00 has also held strong.
Technical Indicators
Technical analysis shows that XRP is forming a bullish trend, with higher lows and highs. The demand zone between $2.00 and $2.55 continues to be significant. All major indicators, including RSI, ADX, and MACD, suggest a bullish sentiment and a solid trend in the market.
Forecast for the Near Future
If bulls push past $3.30, XRP could retest $3.50 and potentially aim for $3.60 short term. Conversely, if support at $3.00 breaks down, the next key support level will be around $2.80. The current chart structure appears bullish, with no major signs of weakness.
XRP is back in bullish territory with positive momentum. The next key level to watch is $3.30, and buyers' response to this level will determine the future price movement.
