XRP shows resilience! Can it break through the bottleneck and return to the $3 target?

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Despite recent market fluctuations, XRP has still demonstrated a certain level of resilience. Although the upward momentum has weakened, it remains in a relatively favorable position compared to before the bull market. Currently, XRP's trading price is around $2.14, facing tests at some key technical levels, and the future trend is full of uncertainty.

After XRP broke through the downward price channel, it failed to maintain enough momentum, leading to a pullback. The 50 EMA (Exponential Moving Average) is currently an important support level for the asset's medium-term trend, and the consolidation at this level indicates that the market is still in an unstable state. Although the bearish pressure may not be as strong as initially, the potential downside risks cannot be ignored. The key support level of the 100 EMA is at $1.156, which may be a target for future declines.

If XRP can stabilize and rebound within the $2.10-$2.14 range and break through the resistance level of $2.50, it is expected to restore the upward momentum and challenge $3.00. However, if it fails to hold the current support level of $2.14, it may further test the $1.90 or even $1.56 region.

Despite the challenges, XRP's current configuration shows a certain level of resilience. Market sentiment is relatively stable, leveraged activity is low, and spot trading dominates price movements. If XRP can maintain support and attract new buying interest, it still has the opportunity to regain upward momentum and welcome a bigger breakthrough.

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