Bitcoin surged past $85K but faced resistance, with traders watching key levels to see if it will break out or pull back. Ethereum remains stable, awaiting the upcoming ETF decision, which could spark a rally.
XRP continues to trade within a corrective phase, showing limited upside movement after a prolonged decline since January. While the broader crypto market is slowly recovering, XRP is yet to confirm a clear trend reversal. At the time of writing, XRP is up by more than 3% and is trading at $2.12.
Currently, XRP is holding above a critical support level near $1.21, which is considered important for maintaining a bullish outlook. A drop below this level could increase bearish pressure, but as long as the price stays above it, the possibility of a rebound remains intact.
In the short term, analysts are watching the $1.82 to $2.22 range as a key demand zone. The price has reacted within this zone before, and another bounce from this area could signal the start of a new upward trend.
If momentum builds, resistance levels to the upside are seen near $2.33 and $2.46. These levels will be important to break in order to confirm further recovery.
Although there is no strong bullish confirmation yet, the current price pullback appears to be corrective rather than the start of a deeper decline. XRP remains in a watch zone, and any strong move above $2.22 could improve the outlook for the token in the coming days.
Analyst Ali Martinez said, “The Bollinger Bands are squeezing on the $XRP 4-hour chart, signaling that a major price move could be just around the corner.”
XRP is currently trading at $2.12, showing a 3% increase after a prolonged decline since January.
While XRP has significant upside potential, a $20 price target would require a major market shift and trend reversal beyond current resistance levels.
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