The latest analysis of XRP's price chart suggests the cryptocurrency has likely reached its bottom, with predictions of a potential rise.
Resistance Levels
According to analyst Josh of Crypto World, the primary resistance zone for XRP lies between $2.65 and $2.80. The price has yet to break above this range, and until it does, the upward movement remains limited. If XRP can close above the $2.80 mark with confirmed candles, we could see a continued upward movement towards $3. Once reaching $3, however, the price could encounter resistance again around this level.
Support Levels
On the downside, XRP has decent support at around $2.50. Should the price fall below this level, there is stronger support in the range of $2.25 to $2.30. If the price fails to hold these levels, it could signal further downside potential.
Long-Term Predictions
On the larger time frame, XRP began a rally in July and has been following a potential upward structure. The key support area is between $1.20 and $1.27, and as long as the price stays above this range, the bullish outlook remains intact. The current price movement suggests the upside may still be incomplete, and a break above the previous highs of $2.65 to $2.80 could signal a continuation toward the $5-$6 target range for the next cycle.
XRP's price demonstrates resilience, maintaining key support and resistance levels. Future price movements will determine the direction for the coming months.
