XRP Stuck Between Key Support and Resistance Levels
The price of XRP is currently trading between two crucial levels: strong support around $2 and resistance in the $2.90–$3 range. The $3 level has proven to be a significant barrier that XRP has yet to break, despite maintaining its long-term bullish trend. At the moment, XRP is in a phase of sideways consolidation, suggesting the price may remain within this range for now.

Fibonacci Levels Suggest Possible Dip

Key Fibonacci levels have been met, indicating that the price of XRP might experience a minor dip before resuming its upward movement. Despite short-term fluctuations, XRP remains on a bullish trajectory. After reaching a low of $1.90, the price has been showing upward momentum, which could continue.

Bull Flag Breakout

According to Josh from Crypto World, XRP recently broke out of a bull flag pattern, signaling a short-term uptrend. Despite a slight pullback, XRP remains above the breakout point, meaning that traders who entered early are still in profit. This breakout sets a price target of around $3.80, representing a 47–48% increase from current levels.

Key Resistance Levels

Resistance levels remain critical for XRP’s further movement. If the price approaches the $2.90–$3 range, it may face significant challenges in breaking higher. While the bullish target is still achievable, traders should consider additional market factors.

Short-Term Support and Resistance

XRP is currently rebounding from short-term support at $2.50. However, if the price falls below this level, the next support lies at $2.38. Analysts caution that a drop below $2.38 could invalidate the current bullish outlook.

Short-term resistance levels to watch include $2.70, $2.78, and $2.85. If XRP manages to break through these levels, it could encounter stronger resistance around $2.90–$3.

Conclusion

The price of XRP is currently confined within a trading range, with no clear breakout yet. Consolidation is likely before a significant upward movement. Investors should wait for the market to stabilize, especially following recent decisions by the Fed, before making any further investment decisions.

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