The price of XRP is currently trading around $2.36 and remains in a neutral zone without a clear direction. Let’s take a closer look at the latest price analysis and what could happen next.
On the daily chart, XRP recently fell below an important support line around $2.44, which is a short-term bearish sign. Right now, the price is finding some support near $2.30.
If XRP breaks below $2.30, the next support level to watch would be between $2.10 and $2.15.
On the other hand, resistance is now sitting between $2.43 and $2.44. If the price manages to move up, another major resistance lies at $2.60.
Looking at the Fibonacci retracement tool, a key resistance zone known as the golden pocket sits between $2.55 and $2.62.
If XRP breaks above $2.62 with strong confirmation (meaning daily candle closes above this level), it could trigger a bullish rally towards $2.90.
There’s a chance XRP might form a large inverse head and shoulders pattern, a bullish chart formation. However, this isn’t confirmed yet.
For this pattern to complete:
If this happens, it could set XRP up for a strong rally, possibly pushing the price above $3 and towards new all-time highs.
When shoppers browse for something, they probably can't imagine owning a piece of the company…
Both Dogecoin and Shiba Inu are making headlines this week with significant whale activity and…
With Ethereum’s steady performance signaling renewed interest in the blockchain sector, attention is turning toward…
Ayni Gold is revolutionizing gold investment by tokenizing real mining capacity in Peru. Each $AYNI…
XRP is making headlines once again as July turned out to be one of its…
The ETH price rallied toward the $4,000 mark at the start of the week, a…
