The price of XRP is currently negotiated around $ 2.36 and remains in a neutral area without clear direction. Let’s take a closer look at the latest price analysis and what could happen next.
XRP price analysis: key levels to monitor
On the daily graphic, XRP recently fell below a large support line around $ 2.44, which is a short -term lower sign. Currently, the price finds some support nearly $ 2.30.
If XRP breaks below $ 2.30, the following level of support to look would be between $ 2.10 and $ 2.15.
On the other hand, the resistance is now between $ 2.43 and $ 2.44. If the price manages to rise, another major resistance is $ 2.60.
Fibonacci levels show strong resistance to come
Looking at the Fibonacci retracement tool, a key resistance area known as a golden pocket is between $ 2.55 and $ 2.62.
If XRP exceeds $ 2.62 with a solid confirmation (which means that the daily candle closes above this level), this could trigger a bull’s branch to $ 2.90.
Is there a bullish motif that is formed?
There is a chance that XRP can form a large head and reverse shoulder motif, a formation of bullish graphics. However, this is not yet confirmed.
So that this model ends:
- XRP should drop more to $ 2.10 – $ 2.15
- Then bounce around $ 2.60
- And finally exceed $ 2.60 with confirmation
If this happens, this could define XRP for a strong rally, possibly pushing the price of more than $ 3 and to new heights of all time.
