This article provides an analysis of the current trading situation for XRP on various time frames. It highlights key support and resistance levels, as well as volume signals and moving averages to determine potential bullish and bearish scenarios. The analysis suggests that XRP's bullish case relies on maintaining support above $2.70 and breaking resistance at $2.85 with strong volume to target $3.40. On the other hand, a failure to hold the $2.55-$2.60 support zone could lead to a drop towards $2.40 or lower. Oscillators and moving averages also provide mixed signals, so traders should consider all factors before making decisions.
Content Editor ( news.bitcoin.com )
- 2025-02-16
XRP Price Analysis: Volume Plummets Near Danger Zone – Will $2.40 Become the New Floor?
