Ripple’s XRP has shown resilience, maintaining its position within an upward trend while navigating short-term corrections. Currently trading at $2.47, up over 5% in the last 24 hours, XRP is poised near a critical resistance zone of $2.48–$2.49. A breakout above this range could pave the way for a surge toward $2.76 or higher in the near term.
Key Support and Resistance Levels
Support: XRP’s key support lies between $1.50 and $1.79, providing a solid base for further upward movement.
Resistance: The next major resistance is between $3.23 and $3.30, close to its all-time high. Breaking this range would signify strong bullish momentum.
Long-Term Outlook
XRP’s long-term potential targets remain at $5–$10, which could be achieved during the third or fifth wave of the larger Elliott Wave cycle. The overall trend remains bullish as XRP approaches significant resistance levels.
Risk Factors
Sideways Movement: If XRP fails to break above the $2.48–$2.49 range, it may experience sideways consolidation.
Key Risk Zone: A fall below the $1.50–$1.79 range could indicate deeper corrections, although this scenario appears less likely given current momentum.
Shorter Time Frame Analysis
On shorter time frames, XRP is attempting to break out of its price channel, following an ABC corrective pattern. A confirmed breakout would reinforce bullish sentiment, while failure could lead to further consolidation.
Investors should watch the $2.48–$2.49 range closely for signs of a breakout or rejection, which will likely determine the next move for XRP.