The current price of XRP is in a state of balance, with buyers and sellers in a tug-of-war with neither side having a clear advantage. 📉
- On the daily chart, XRP is stuck in a wedge pattern, fluctuating between $2-$3. To determine the next trend, a breakout from this pattern is needed. If it surpasses the resistance level of $3, XRP could surge significantly, potentially exceeding its all-time high. Conversely, if it drops below $2, the downward trend may continue.
- On the 4-hour timeframe, XRP is receiving strong support at the Fibonacci levels of $2 and $1.9, indicating buyer interest. However, the lack of a clear breakout keeps the market in a state of hesitation. 📈
It is essential to monitor closely to identify a clearer trend.