$XRP Coin Analysis Update on Daily Frame

General Trend Analysis

Big Uptrend:

We notice that the price has risen strongly in a short period during October, indicating

a large liquidity entry that led to this rapid growth. The rise from levels close to $0.5

to $2.4 was accompanied by a large trading volume

Current Correction:

After the sharp rise, the coin has entered a price correction phase. Currently, the price is stable near

$2.4 with a slight decrease. This correction is considered normal after any strong rise, as

investors temporarily take profits.

Support and Resistance Areas:

First Support: It is located near the $2.0 level. If the correction continues, the price may

return to test this area.

Main Resistance: The $2.5-$2.6 level is currently a difficult barrier to penetrate, and if it is exceeded, we may witness a rise towards the $3.0 level.

Future Outlook

Positive scenario (bullish):

Exceeding the $2.5 area, the next target will be towards $3.0 and then $3.5.

Negative scenario (bearish):

In case the price fails to hold above the $2.3 level and loses momentum, the first support

at $2.0 may be tested again.

Breaking this support may push the price to the $1.8 levels.

XRP has shown great strength in the upward movement, which confirms the great interest in the currency.