CandleFocus Here are XRP key support and resistance levels to watch this weekend
2024-12-20
Author: Content Editor
XRP has been affected by the broader crypto market selloff but has managed to stay above $2 throughout the month. The token recently dropped to $1.97 but quickly rebounded above the critical $2 level. Analysts are closely watching XRP's price movements and have identified support and resistance levels. Currently, XRP is trading at $2.15, down over 9% in the past week but up nearly 92% on the monthly chart. Analysts have identified key levels for short-term stability and potential upside momentum. A rebound to $2.62 could trigger the liquidation of $20.50 million in short positions and drive XRP towards its next milestone at $3. There are also bullish price targets of $5.85 and $8.76.
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