#XRP’s price is getting close to an important level that could shape where it goes next. Top analyst CRYPTOWZRD shared his take on X (formerly Twitter) about XRP’s daily price movements, giving his thoughts on what might happen soon. Right now, XRP is moving sideways, but traders are keeping a close eye on it to make opportunities from small price moves.
XRP is sitting at $2.25 right now, settling down after a big jump up earlier. The recent bullish momentum pushed the token above $1.07, identified on the chart as a “Key Bull Breakout Level.” Following this breakout, XRP’s price quickly climbed before settling into a range-bound movement between $2.05 and $2.80.
Support levels are positioned at $2.05, which served as a foundation for the recent rally, and $1.3250, a former resistance during earlier consolidation phases. Resistance is set at $2.80, with an intermediate level of $3.00 acting as a psychological barrier. Analysts suggest that breaking above $2.80 could pave the way for a move toward $3.65, potentially achieving a new all-time high.
Resistance at $2.80 Holds the Spotlight
Traders are watching that $2.80 mark carefully – if XRP pushes past it, we might see more gains ahead. Looking back at past patterns, these key price points often end up being where the market makes up its mind about which direction to take. If XRP’s price surpasses this resistance, analysts anticipate a strong move toward $3.65, aligning with a typical bullish breakout pattern.
Conversely, failure to maintain support at $2.05 could prompt a retracement to $1.3250. This underscores the importance of the current consolidation phase, where the market appears to be evaluating its next directional move.
Analyst Comments on XRP’s Daily Performance
CRYPTOWZRD noted that XRP closed “indecisively,” reflecting the consolidation seen on the chart. The trader highlighted the potential for intraday volatility to provide trading opportunities, signaling a focus on short-term price movements within the established range.
The tweet aligns with the chart’s observations, emphasizing the indecision around the $2.80 level and the importance of monitoring price action for clues about future developments. Scalping opportunities are expected to arise as the market reacts to any changes in volatility.
Bullish Momentum or Further Consolidation?
The current trend for XRP remains bullish, bolstered by the earlier breakout above $1.07. However, the ongoing consolidation near $2.80 suggests a pause in the rally as traders assess market conditions. The coming days will be pivotal, with any breach of key levels likely to dictate the next significant move for XRP’s price.
Both the chart analysis and CRYPTOWZRD’s commentary point to an exciting phase for XRP, with traders and investors monitoring developments to determine whether a new high is on the horizon.
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However, crypto expert MadWhale believes the current downtrend is only temporary, and XRP still has significant potential for growth. In a detailed analysis on TradingView, MadWhale highlighted the cryptocurrency’s strong trading volume and long-term underperformance compared to other digital assets. XRP has remained relatively stagnant while many other tokens surged, making it ripe for a breakout. According to the analyst, both fundamental and technical indicators suggest a positive future for XRP, with the asset poised to reach its all-time high (ATH) once again and potentially surpass it.

Following a two-week period of rapid gains, $XRP has recently cooled off, retracing in the last 24 hours. This correction was anticipated by well-known analyst Dark Defender, who predicted that XRP would trade within a range of $2.13 to $2.92 for a brief period before continuing its climb. Dark Defender has set a target for XRP to reach $3.9993, just below its ATH of $3.8, which would establish a new high for the token. This forecast aligns with the broader expectation that XRP’s bullish trend will continue, with many analysts predicting new highs as part of the ongoing market cycle.

Egrag Crypto, another expert in the field, shares an even more bullish outlook, forecasting that XRP could reach double digits within this market cycle. This optimistic view is supported by technical signals, such as #XRP’s movement through Fibonacci levels. According to Dark Defender, the current pullback was predicted and is part of the natural market cycle. He further emphasized key price levels to watch, including support at $2.13 and $2.27, while resistance is seen at $2.92 and $3.99. A strong recovery above the $2.92 level would confirm the next phase of the rally, pushing XRP closer to its higher objectives.

At the time of writing, #XRP is trading at $2.30, showing a near 12% decline in the last 24 hours. Despite the short-term dip, analysts remain confident that XRP’s long-term prospects are strong. The current correction presents a potential buying opportunity for traders who believe in the cryptocurrency’s future potential. With market sentiment still bullish, XRP is well-positioned to climb higher, with many experts predicting substantial gains in the near future.
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