XRP is currently in a consolidation phase, hovering just below its recent tops while managing to stay above critical support levels. Despite the volatility of the market, XRP has maintained a regular position.
On the daily graphic, XRP continues to exchange a tight range, but above all, it has broken below its key support areas. Analysts see this as a positive sign that buyers always defend important levels and that the global trend remains intact. As long as XRP remains above the support of $ 2.65, there is still a good chance that the asset can resume its ascending trajectory.
The price structure that started to train in early April continues to support a bullish perspective. Although the ascending momentum has slowed down, XRP has shown no sign of major ventilation. If XRP breaks below $ 2.65, this could mean a change of trend, and a deeper withdrawal could follow.
Currently, the question is whether XRP can maintain its strength and find enough support in its current beach, especially between $ 2.81 and $ 2.90. A higher movement of here could push XRP to the following resistance targets close to $ 3.84, $ 4.30 and even $ 4.72 if the bullish momentum resumes. If XRP soon finds solid support, there is a realistic chance that he can hold the $ 5 mark in the coming weeks.
However, short -term perspectives remain uncertain. The recent price action has been disorderly and unclear, lacking in solid directional movements. Over the lower time, XRP has shown agitated behavior without clear BOTHing or rupture signal. If the price slides below its support levels, this could mean more downwards before the next step.
Adding to uncertainty, the decision of the interest rate of today’s federal reserve, which could inject additional volatility on cryptographic markets.
