Peter Smith
XRP (Ripple) finds itself at a crossroads as traders watch key support and resistance levels that could determine its next major price movement. With bulls defending crucial support zones and bears eyeing potential breakdown opportunities, the cryptocurrency's next direction hinges on how it handles these critical price levels.
XRP Bulls Defend a Critical Zone
XRP is currently trading around $2.84, sitting right at a make-or-break level. The $2.60–$2.80 range has become the battlefield where bulls are fighting to maintain control while bears look for signs of weakness.
Crypto analyst pointed out that this support-resistance battle will likely determine XRP's next significant move.
The current price action shows bulls trying to establish a base above $2.80, but any slip below $2.60 could quickly shift market sentiment.
XRP Price Targets $3.50 Breakout
The critical resistance level to watch is $3.50. If XRP can push through this barrier with solid volume, it could trigger a rally toward $4.20 and beyond. Past chart patterns suggest that once XRP breaks major resistance levels, it often moves quickly to the upside.
However, failure at $3.50 could send the price back into sideways movement, disappointing bulls hoping for continuation.
What Happens if XRP Falls Below $2.60?
A break below $2.60 would signal trouble for the bullish outlook, potentially opening the path to $2.00. This scenario would not only represent a technical failure but also deal a psychological blow to traders expecting higher prices.
For now, the momentum leans cautiously bullish, but the coming days will be crucial in determining whether XRP embarks on another leg up or faces a significant pullback.
Peter Smith
