Oh, hello there! So, the price of XRP has been on a bit of a rollercoaster ride, hasn’t it? It’s been climbing steadily, but now it’s facing some tough resistance around the $2.90 mark. 😱
According to an analyst, if the price can close above $3, it could quickly climb toward its all-time high near $3.40. 🤑 But for now, the $2.80 to $3.00 range is acting as a major hurdle. This zone has historically been a strong resistance area, both from past price action and key Fibonacci levels. Until XRP breaks through this, the price may continue to struggle around these levels. 😒
On the downside, if XRP sees a pullback, experts are watching the $2.55 to $2.62 range as a possible support zone. This area was a resistance level earlier and could now act as a new support if the market cools down. 🤞
Looking at the shorter time frames, especially the 4-hour chart, XRP recently became overbought after a sharp rally over the last few days. The RSI indicator had reached high levels, signaling the market had moved up too fast in a short period. As a result, a small correction or sideways movement was expected, and that’s what has started happening. 😴
This cooldown is seen as healthy for the market, helping to reset indicators before possibly continuing its bullish trend. Overall, while the short-term action might be a bit quiet, the larger trend for XRP remains positive as long as it stays above key support levels. 🤞📈
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2025-07-13 17:36