XRP continues to trade within an established range, slightly increasing to $2.18. Current resistance and support levels determine the asset's further movement.
Weekly Timeframe Outlook
On the weekly chart, XRP remains range-bound, with support near $2.00 and resistance at $3.40. This extended period of consolidation suggests a significant breakout could be forthcoming. If bulls push beyond $3.40, the price may reach $4.00, while a breakdown below $2.00 could trigger a decline to $1.80.
Daily Chart Analysis
The daily chart indicates resistance at $2.64, a crucial level to overcome for further upward momentum. If buyers gain control and break this resistance, XRP could climb toward $2.80, with extended targets near $3.00. Conversely, if $2.00 support fails, a deeper retracement toward $1.85–$1.90 is likely.
Short-Term Movements and Price Forecast
On the 4-hour timeframe, XRP faces resistance between $2.90 and $3.00, with strong support around $2.40–$2.50. A breakout above $3.00 could confirm a bullish trend, potentially pushing the price toward $3.40. However, falling below $2.40 may indicate weakness, leading to a retest of the $2.15 zone.
XRP's price action this week hinges on key resistance and support levels. While a bullish breakout remains possible, traders should monitor market sentiment and volume closely. Given crypto volatility, strategic risk management is essential for navigating potential price swings.
