Ripple’s XRP has recently shifted into a more favorable zone, pushing above the $3 support area and setting its sights on breaking the $3.20 resistance. As long as XRP maintains its position above the $3 mark, the current bullish outlook remains valid. However, it is important to note that the market could still be in a short-term corrective phase, and traders should stay alert for any signs of reversal or further pullbacks.
XRP has experienced significant price action in recent days, rising by 20% from a strong support level before encountering a minor pullback. This pullback is a typical part of market cycles, offering a brief period of consolidation before the potential continuation of an upward trend.
The critical micro-support levels for XRP are between $2.76 and $2.97. For the bullish momentum to stay intact, XRP must hold above these levels and ideally form a higher low. If the price fails to hold above the $2.76 level, it could signal that a deeper correction is underway, and a retest of lower levels may be on the table. Therefore, the focus should be on watching whether the current support holds and if XRP can continue its upward movement once it stabilizes.
If XRP successfully finds support above $2.76, it could break out to higher price levels, pushing toward key resistance zones. The following price levels are crucial for confirming the continuation of the bullish trend:
Despite the optimistic outlook, XRP’s path to higher price levels is not without risks. Market corrections are always possible, especially after a rapid surge. If XRP falls below the $2.76 support level and struggles to reclaim higher lows, it could signal that the bullish trend is weakening. In such a scenario, traders should be cautious of further downside, and a retest of previous support levels like $2.50 or even $2.00 might be possible.
XRP’s price action is currently leaning bullish, especially as long as it maintains support above $2.76. Should the token manage to break through key resistance levels like $3.40, $3.42, and $4.20, the path could be clear for a continued rally, with $5.00 as the ultimate price target. However, traders should stay vigilant for any signs of a market correction, especially if the price fails to hold critical support zones. In the coming days, XRP’s price movement will be dictated by its ability to maintain support and push past key resistance levels.
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