$XRP is in a consolidation phase near its resistance level. Traders should watch for a breakout above $2.40 or a breakdown below $2.30 for clearer direction.
Support and Resistance Levels:
Support: $2.30
Resistance: $2.40
The price is trading close to the resistance level of $2.40. A breakout above this level could push XRP towards higher levels.
Trading Strategy:
Bullish Scenario: If XRP breaks above $2.40 with strong volume, it could target $2.50 and $2.60 in the short term.
Bearish Scenario: If XRP fails to break $2.40, the price could retest support at $2.30. A break below $2.30 may lead to further downside, targeting $2.20.
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