- XRP price maintains a bullish trend when it maintains its position above the increasing support trend line.
- Support levels appear at $2.21, $2, $1.8, $1.74 and $1.6 while resistance levels are situated at $2.62, $2.75, $2.94, $3.22 and $3.40.
- The XRP price currently stands at $2.45 but could experience growth if it crosses above the $2.69 point
A market analyst has identified key price levels that XRP must maintain to remain stable. The analysis follows recent fluctuations in XRP price amid broader market uncertainty. Concerns over U.S. inflation and President Donald Trump’s planned tariff hikes have added pressure. Despite the bearish trend, XRP has managed to stay above the crucial $2 level.
The current price movement suggests that XRP is consolidating within a range. Investors are watching for signs of a breakout in either direction. The future direction of XRP price development depends heavily on its ability to sustain critical support zones. XRP will experience major price appreciation whenever the market phases into a bullish trend.
XRP Maintains an Upward Path
Market analyst EGRAG Crypto suggests that XRP’s drop to $1.7 on Feb. 3 was caused by market manipulation. Order book expert Dom confirmed that the price movement was unusual and likely influenced by external factors. Despite this, EGRAG remains confident in XRP’s long-term upward trend.
XRP broke above a rising blue channel in November 2024 and has continued using it as support. This suggests strong buying interest at lower levels. The recent pullback tested this support but did not break it. If XRP remains above this channel, its bullish trend will likely continue.
Key Support and Resistance Levels
EGRAG listed five key levels that are crucial for XRP to maintain the bullish trend. These levels include $2.21, $2, $1.8, $1.74, and $1.6. A decline below these levels would be considered bearish, enlarging the selling pressure. However, holding above them will keep the market outlook positive.
However, XRP is still faced with key resistance levels if it is to have a chance at a rally. The resistance levels are $2.62, $2.75, $2.94, $3.22. This in fact may lead to a breakout if XRP manages to go past the $3.40 level. The market continues to look consolidative within the established support and resistance levels as it awaits further volumes and direction.
Current Market Outlook
XRP has recently been priced at $2.45 after a decrease of about 0.91% in the present trading session. Nevertheless, the asset rose 2.5% yesterday, which demonstrates the path to recovery. Currently, the value of CCI equals to -52.94, which means that XRP has to strive for more technical improvements.
Bullish signs are present if the price can move toward the 20-day moving average at $2.69. XRP remains in focus as it attempts to respect resistance levels while sustaining critical support zones. If buyers push through, XRP could take out the range and move up.
Market participants are also capturing macro factors, including inflation and regulation. These factors could influence XRP’s price in the next few weeks. It will be very important to stay above support to test higher resistance in the coming trading sessions.
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