XRP, the native token of Ripple Labs, is showing signs of growth after months of downtrend. Amid market uncertainty, the token has broken key resistance levels.
XRP Price Action and Upcoming Levels
Following the breakout, XRP successfully retested the support level, forming a bullish Morning Star candlestick pattern. Expert analysis indicates potential growth if the price holds above $2.35, possibly reaching $3.40 in the coming days.
Current Price Momentum
Currently, XRP is trading around $2.43, having increased by over 1.20% in the past 24 hours. Trading volume surged by 45% during the same period, indicating increased interest from traders and investors.
Major Liquidations Levels
According to Coinglass analytics, traders are betting heavily on the long side. In the past, traders placed significant bets around $2.40 and $2.50 levels, with $45 million in long and $33.5 million in short positions.
XRP trends indicate a bullish sentiment, which could support the token in reaching new highs, as experts foresee potential growth amid active trading and investment.
