XRP holders experienced a bumpy journey during last week. After showing a strong upward trend and briefly tested the level of resistance at $ 3, the price has slightly fell.
According to a recent analysis, XRP is currently resistant better than Bitcoin on lower times, despite the overall market cooling. While an escape greater than $ 3 seemed possible earlier, the ratings now suggest that it could be a little too early for this movement.
If XRP can find solid support between $ 2.70 and $ 2.60, there is a good chance that the token will be consolidated in this area, a positive sign for the next possible push. The feeling of the market will also depend on future inflation data, which has the potential to shake up the prices of short -term cryptography.
If the wider market remains stable and XRP manages to maintain more than $ 2.70, an overtaking of $ 3 could still occur later this month. But for the moment, the emphasis is on the question of whether XRP can defend the key support levels before trying another escape. Here is what to expect:
- Short -term: likely to drop to $ 2.70 to $ 2.60
- In the medium term: consolidation greater than $ 2.70 could open doors for future escape
- Monitor: Impact on inflation data and global feeling of the cryptography market
Analyst Casi Trades shared that during the weekend, XRP perfectly retests the level of support of $ 2.69 and now gives the crucial resistance to $ 3. The $ 3 level is a key Fibonacci cover of all time of XRP, and recovery would signal serious momentum. The next ideal scenario would be an escape greater than $ 3.04, a quick retest which transformed it into support and a net rally to $ 3.40 and beyond.
If XRP exceeds its top of all time, Casi expects the price to increase quickly, with little resistance to come, and a lot of time for this decision to take place before the end of July.
