XRP is currently stuck in a delicate situation because its price is struggling to choose a clear direction. After a small rally earlier, the token faced a strong resistance and is now moving laterally, which could raise concerns about whether a price drop could be on the way.
Key resistance level at $ 2.30
On the XRP price table, a clear break in the rise has not yet appeared since the recent decline began on July 3. There is a strong resistance trend around the $ 2.30 level. This area rejected XRP several times in the past, May 24, May 27, June 16, June 30, and once again.
If XRP can soon break above this level, it could open the door to a larger rally. But as long as it remains below, the merchants expect the movement laterally continues.
What happens next?
Popular analyst Dark Defender has also shared his point of view, saying that the next weekly brothel candle is important. He explained that if XRP can close this week above $ 2.28 to $ 2.33, it will be a positive sign for next week prices action. However, if he fails, the lateral movement could continue for a few more days.
His targets:
- Upsy: $ 2.33, $ 2.46
- Disadvantage management: $ 2.19, $ 2.07, $ 1.99
Currently, the XRP price movement remains jerky and undecided, bouncing between resistance and support without clear direction. Although a small gathering arrived recently, it was not strong enough to confirm a real trend reversal. For XRP to maintain its current market structure intact, it must remain above June 27 low of $ 1.99. A drop below this level would weaken upward perspectives in the short term.
