The article provides an analysis of the current trading conditions for XRP. XRP's price has declined by 3.7% in the last 24 hours and is currently at $2.37, with a market capitalization of $136 billion. The price has fluctuated between $2.34 and $2.46 recently and is still below its all-time high of $3.40. The article examines different charts and indicators to determine the outlook for XRP. Long-term moving averages signal a clear upward trajectory and overall bullish trend, but short-term indicators show signs of exhaustion and selling pressure. The $2.35 support level is important, and if it holds and the price breaks above $2.50 resistance, a rally towards $2.65 could be possible. However, a breakdown below $2.35 support could lead to a deeper pullback towards $2.20 or lower.
- Content Editor ( news.bitcoin.com )
- 2025-01-05
XRP Market Update: Price Teeters Between $2.35 and $2.50 Resistance