XRP has been making headlines after gaining 18% in the past week, reaching $2.75 before facing resistance near $2.80. The surge has excited traders, raising hopes that the cryptocurrency could be on the verge of a major breakout.
However, after testing the key resistance zone, XRP saw a minor pullback, leaving investors questioning whether the rally will continue or if the price will consolidate before another push.
Meanwhile, Bitcoin (BTC) has slipped 2% in the last 24 hours, trading at $96,500. The overall market remains uncertain, with analysts keeping a close eye on how XRP reacts to crucial price levels.
For XRP to continue its upward movement, it must break and hold above the $2.80 level. This resistance has proven to be a challenge, but if buyers step in with enough momentum, the next price targets could be $2.96 and $3.30.
Some analysts believe that if XRP gains strong bullish momentum, it could push even higher, with $4.19 and $5 as potential long-term targets. However, breaking through major resistance levels requires strong trading volume and positive sentiment across the crypto market.
If XRP struggles to surpass $2.80, it may face sideways movement or even a retracement, which could lead to lower support levels being tested.
While XRP has made significant gains, corrections are a natural part of any market cycle. Strong support levels will play a crucial role in determining whether the price can remain stable or if a larger pullback is ahead.
Historically, XRP found strong support near $1.95 and $2.35, which have acted as key price floors in recent months. If a dip occurs, these levels could provide buyers with an opportunity to re-enter before another potential rally.
In December 2024, XRP reached a high of $2.90 before entering a consolidation phase. If current support levels fail to hold, traders may see XRP retesting $2.35 or even $1.96, which could determine the coin’s short-term direction.
Despite its recent bullish momentum, some experts warn that XRP may face another pullback before any major breakout occurs. The broader crypto market remains highly volatile, and Bitcoin’s recent dip has added to the uncertainty.
If XRP fails to hold key support zones, it could experience a temporary downturn, forcing traders to adjust their strategies. However, if the market stabilizes and buying pressure increases, the next leg up toward $3 or higher could happen sooner rather than later.
Investors should closely monitor XRP’s price action, trading volume, and overall market sentiment in the coming days to get a better sense of its next major move.
XRP is at a crucial turning point, with $2.80 acting as a key resistance level. A successful breakout could drive the price toward $3 and beyond, but if momentum weakens, the altcoin might retest lower support levels before another attempt to move higher.
With market conditions remaining uncertain, XRP holders should stay informed and watch for signs of increased trading activity. Whether the next big move is up or down, XRP’s performance in the coming weeks will be critical for traders and investors alike.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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