XRP continues to take the momentum from his recent escape. After breaking its peaks from all time and climbing over $ 3.60 in recent weeks, XRP has entered a critical area where bulls and bear are fighting for control. So what can we expect from XRP in the next 24 to 48 hours?
Current market behavior: XRP is strong after rupture
Currently, XRP is negotiated above key support levels, especially between $ 3.30 and $ 3.40. This area has become important because it was once a strong resistance zone, but after the rupture of XRP above, it has now become a level of support. This Flip from resistance to support is often considered a bullish sign in technical analysis.
XRP also retested and rebounded on its summit of all previous time, which adds to the strength of the in progress bullish trend. The price structure remains optimistic, and unless it sees a ventilation lower than the support of $ 3.30, there is a good chance that XRP can continue to push higher.
If XRP had to fall below $ 3.30, the next large support area would be between $ 2.75 and $ 3.20. This beach includes key technical levels, such as Fibonacci’s retrace at 50% of the recent rally. Falling below $ 2.65 would be greater concern, as it could mean that the current upward wave ends or between a deeper correction phase.
On the other hand, if buyers continue to show force, XRP could target the level of $ 3.84 like the next milestone, followed by $ 4.33 and even $ 4.72.
How Bitcoin and Ethereum could have an impact on XRP
As always, it is important to know that XRP does not move in the void. The global cryptography market, in particular Bitcoin and Ethereum, still plays a major role. If Bitcoin continues to consolidate nearly $ 118,000 without major diving, and if Ethereum avoids deeper corrections, XRP is likely to benefit.
Another macro signal: the domination of bitcoin is decreasing, which means that altcoins like XRP could continue to surpass in the short term.
