XRP seems to be currently trapped in a market linked to the beach, because the price moves between key support and resistance areas. At the time of the press, XRP tries to exceed the level of $ 2.40 and is up more than one percent. Although there is a certain momentum in the ascending direction at this time, the action of the prices remains too small to have a significant impact for the greater trend.
Levels of support and resistance (short term)
The main support area to be monitored is between $ 1.95 and $ 2.35. If the price is more than $ 1.95, higher prices could follow. However, it is always possible that this area is tested again before an upward trend is getting upset.
For the moment, the market remains somewhat uncertain. A rupture less than $ 1.95 would mean that the bottom of February 3 may not be the real low, but a break above the $ 2.70 bar would provide a solid confirmation that a larger rally is incoming.
Levels of support and resistance (in the long term)
The long -term XRP support area is between $ 1.20 and $ 2.10 on the greatest deadline. This week, the price has plunged into this region but has already started to go up. However, it is important to note that until XRP breaks above the top of all time at $ 3.40, it could still consider a potential fourth wave extension.
XRP may continue to be between $ 1.20 and $ 4.20, which could persist for a while. Although it can be frustrating for traders, it is not uncommon for XRP to present such behavior. If XRP undergoes an impulsive rally, it can target $ 4.20, or even $ 5 and $ 6.60 as extensible targets. However, these levels are still speculative and require confirmation thanks to an additional price movement.
