XRP has demonstrated significant resilience, holding above the $2 mark despite recent market fluctuations.
Buyers Remain Firm
Despite recent market volatility, XRP managed to hold steady above the $2 support level. Recently, buyers took the price to almost $2.5 before a shallow pullback. This indicates that demand for XRP remains high.
Key Resistance at $3
To truly turn the chart bullish, XRP has to break the resistance at $3. This recent bounce on the $2 support is encouraging, but bulls will have to maintain pressure and move the price above $2.5 if they hope to test the key resistance.
Daily MACD Shows Promise
The daily MACD moving averages are making higher lows and the histogram is positive. This shows that the bullish momentum is building up. These are early signals that buyers may be waiting to return in force. If so, the price has a good shot to approach $3.
XRP is showing vitality and strength in the market despite current fluctuations. If pressure on the price and a confident breakthrough of resistance are maintained, there is a high potential for further growth.
