Peter Smith
XRP is holding its ground following an impressive surge that pushed the cryptocurrency to multi-month highs. With market sentiment cautiously optimistic, all eyes are on whether bulls can maintain momentum above key technical levels. A recent analysis suggests the next few sessions could be make-or-break for XRP's short-term trajectory.
XRP Price Action Shows Mixed Signals at Critical Junction
XRP currently sits at $3.3399, posting a solid 1.64% gain over the past 24 hours with a daily range between $3.2401 and $3.3399.
The MACD is showing signs that bullish momentum might be cooling off, but there's no clear reversal signal yet. This leaves room for another potential push higher if buyers step up.
The key level everyone's watching is $3.23. If XRP holds this support, it could trigger a bullish reversal and attract fresh long positions.
Bulls Target $4.60 if XRP Breaks Above $3.65 Resistance
If XRP punches through the $3.65 resistance with conviction, traders are eyeing a potential rally to $4.60 – a new all-time high for the cryptocurrency.
This setup mirrors previous XRP breakout patterns where sustained buying pressure led to explosive price surges. The key is getting that decisive break above $3.65 with solid volume.
However, if $3.23 support fails, sellers could take control and trigger a deeper pullback before any renewed upward attempts.
Peter Smith
