The price of XRP has recently been on a strong upward trend, but it now faces difficult resistance around the $ 2.90 bar. On the daily graphic, XRP has increased regularly and, according to an analyst, if the price can end above $ 3, it could quickly increase to its level of all time almost $ 3.40.
For the moment, however, the range of $ 2.80 to $ 3.00 acts as a major obstacle. This area has historically been a strong resistance zone, both in the action of previous prices and the key levels of fibonacci. Until XRP continues this, the price can continue to fight around these levels.
Lower, if XRP sees a decline, experts look at the range of $ 2.55 to $ 2.62 as possible support zone. This area was a level of resistance earlier and could now act as a new support if the market is cooling.
Looking at the shorter deadlines, in particular the 4 -hour table, XRP has recently been exaggerated after a net rally in recent days. The RSI indicator had reached high levels, reporting that the market had increased too quickly in a short time. Consequently, a small correction or a lateral movement was expected, and that’s what started.
This recharging time is considered healthy for the market, helping to reset indicators before continuing its upward trend. Overall, although short-term action can be a little silent, the biggest trend for XRP remains positive as long as it remains above key support levels.
