The price of Ripple (XRP) has been fluctuating between the support level of $3.00 and the resistance level of $3.50. The current sideways movement suggests that there is potential for an upward trend. If XRP breaks above the $3.50 resistance, it could rise to $4.38. However, if it falls from its current high, it will continue to range between $2.00 and $3.50. Candlestick patterns indicate selling pressure near the $3.50 resistance level and buying pressure near the $2.50 support level. Key resistance levels are $2.80 and $3.00, while key support levels are $1.80 and $1.60. On the 4-hour chart, XRP is consolidating above the $2.70 support level. If it stays above this level, it will resume its uptrend, but if it loses support, it could drop to above $2.00. Note that this analysis and forecast are the author's personal opinions and should not be considered as a recommendation to buy or sell cryptocurrency. Readers should conduct their own research before making any investment decisions.
Content Editor ( coinidol.com )
- 2025-02-02
XRP’s Uptrend Pauses At The $3.20 Mark
