XRP Gains Momentum but Remains in a Sensitive Zone

Ripple's cryptocurrency XRP is currently showing growth. At the time of writing, its price has increased by over 3%, trading just below the $1.50 level. While the price is experiencing a minor correction, it is not significant. Meanwhile, Bitcoin has dropped below the $95,000 mark, reflecting a 4% decline.

Key Support Levels and Current Range

Analysts identify the support range for XRP between $0.84 and $1.19. XRP remains above this zone, suggesting room for either a potential pullback or an upward rebound.

The price is consolidating just below a critical resistance level, heightening risks following XRP’s recent move from support to resistance.

If the price drops back into the support zone, it may signal a chance for the bullish trend to resume. Conversely, a decline below $0.84 could trigger a deeper correction and invalidate the current bullish outlook.

Wave Patterns and Their Development

Two primary wave patterns are under observation:

  • Bullish yellow triangle,

  • Blue wave structure, which could dictate the next direction.

Both scenarios remain valid as long as XRP holds above $0.38. However, a break below the $0.28 low from June would invalidate these patterns. For the blue wave structure to materialize, a price breakout above $2 is required.

Current Resistance and Next Steps

XRP is currently testing a critical resistance level. At this point, waiting for confirmation before a significant directional move is crucial.

A breakout above $2 would indicate further growth potential. Until then, balancing risks and potential rewards remains key. The ongoing price correction is uncertain—XRP may form a triangle pattern or continue consolidating before a larger move.

Conclusion

Investors should watch whether XRP can maintain support above critical levels and break through significant resistance. For now, the market is in a state of uncertainty, but a move above the $2 level could pave the way for further growth.

#Xrp🔥🔥 , #XRPPredictions , #priceprediction , #cryptoanalysis , #Altcoins👀🚀


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“