#2024withBinance

XRP Advanced Analysis

$XRP Advanced analysis

Current Price: ~$2.6

Market Cap: ~$148 billion

24-Hour Trading Volume: ~$13.6 billion

Circulating Supply: ~ 52.7 billion XRP

XRP

2.5885

-5.59%

Price Action Breakdown

XRP has shown an extraordinary performance, climbing over 30% in a week and maintaining bullish momentum. Analyzing price patterns and volume indicators, the following dynamics emerge:

Resistance Levels: Key resistance stands at $2.85, with a significant breakout target at $3.00. Beyond this, Fibonacci extensions project a potential target near $3.40 for short-term momentum traders.

Support Levels: Immediate support holds at $2.50. A drop below this level might trigger profit-taking, potentially stabilizing around $2.25.