Saad Ullah
XRP (Ripple) been having a tough time lately, and even though it's up 1.05% in the last 24 hours, the bigger picture isn't looking too rosy. Trading at $3.2257 right now, the coin's struggling to find its footing after getting rejected once again at a major resistance level.
The hourly chart tells an interesting story - XRP's heading back down to that crucial support at $3.1720. Here's the thing: if today's candle closes near or below this level, we're probably looking at more downside. The next stop? That $3.10-$3.15 area that's been acting as a safety net for bulls.
XRP Hits the Wall at $3.333 Resistance Again
It's the same old story on the longer timeframes. XRP bounced off the $3.333 resistance like it hit a brick wall - again. This level's been giving bulls a hard time, and honestly, it's not surprising anymore.
If we see a long upper wick forming on this bar, that's basically the market saying "nope, not today" to any upward moves. In that case, we could see XRP sliding down to the $3.20 range pretty quickly.
What XRP (Ripple) Needs to Turn Things Around
Looking at the weekly chart, it's still early in the week, so making long-term calls is tricky right now. But here's what needs to happen: XRP bulls need to get their act together and push above $3.40. That's the magic number.
If they can't manage that, we're stuck in this choppy, sideways action that's been frustrating traders for weeks. Break above $3.40, and suddenly things start looking a lot more interesting for the bulls.
Saad Ullah
