Ripple's XRP has dropped by over 5%, currently trading at around $2.56. Earlier, it reached a high of $2.82 before pulling back. However, in the past 24 hours, XRP has broken through key resistance levels, first crossing the $2 mark and then surpassing $2.50.

Target Range: $2.75 to $3

Attention is now focused on the price range between $2.75 and $3. The $3 level is particularly significant as it represents a key resistance zone. If XRP breaks this level, the next target is its all-time high of $3.30, which seems increasingly achievable given the current price momentum.

Short-Term Price Movements

In the event of a short-term decline, key support levels are expected to play a crucial role in maintaining market stability. Support at $2.50 is currently strong, as this level previously acted as resistance. XRP also often shows a pattern of brief pullbacks followed by upward movement, consistent with historical trends.

According to Josh from Crypto World, the next support level to watch is $2, should the price drop further. These zones are critical, as they could provide buying opportunities for investors looking to enter the market or increase their positions.

Long-Term Outlook: Bullish Trend Intact

From a long-term perspective, XRP's bullish trend remains intact. As the price approaches all-time highs, a breakthrough beyond this point appears increasingly likely. While short-term corrections and volatility are common, there is no cause for concern as long as key support levels hold.

Overall, XRP's long-term outlook remains positive, with the potential for new all-time highs on the horizon. Despite minor pullbacks, the price is expected to continue rising, signaling an optimistic future for this altcoin.


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