XRP faces critical levels at $2.4 resistance and $1.96 support. Will it break through or fall back to $1.43?
XRP has been following its expected price path, with a breakout above $2.22 setting the stage for further movement. However,XRP now faces key resistance levels that could determine its next move.
After a recent rejection at the $2.4-$2.5 zone, traders are focused on whether XRP can break through this barrier or face a retracement.
The price action in the coming days will be critical for understanding the next steps for XRP.
Will XRP Break $2.4 Resistance or Face a Reversal?
XRP recently tested the $2.4 resistance but was met with rejection, causing some uncertainty in the market.
Traders had anticipated a breakout that would propel XRP toward higher levels. However, with the resistance still holding, the price is now in a consolidation phase.
For XRP to regain upward momentum, it must break through the $2.4-$2.5 range. If this resistance holds, the cryptocurrency may face a correction.
The $1.96 level will become the critical support to watch, as a break below this level could signal a deeper pullback.
In the short term, XRP needs to break the $2.4 resistance for a more bullish scenario. Otherwise, the focus will shift to support levels to see if the price can hold above them.
$1.96 and $1.43 Support Levels Under Close Watch
The $1.96 level has become a key support point for XRP. As long as the price stays above this mark, the outlook remains bullish for a potential move toward the $2.8-$2.9 area.
However, if XRP falls below $1.96, the next major support at $1.43 will be in focus.
The $1.43 support has proven important for the longer-term trend. A failure to hold this support could signal weakness in XRP’s price action.
Investors are watching how XRP behaves around these levels to gauge the strength of the ongoing trend.
For now, XRP’s ability to hold above $1.96 is crucial for maintaining a bullish outlook. A drop below this level would shift the focus to lower price targets.
Related Reading: XRP Whales Scoop 720M Tokens: Major Pump Ahead?
What’s Next for XRP: Breakout or Downward Shift?
XRP’s next move largely depends on how it handles key levels in the near future.
A breakout above $2.4 could lead to a rise toward $2.8-$2.9, confirming a strong bullish trend.
On the other hand, a failure to hold $1.96 or break $2.4 could signal a more bearish shift.
Traders will be looking closely at XRP’s price action to identify signals of either a breakout or a downturn.
The weekly chart shows mixed signals, and the market will need clearer direction in the coming days. If the $1.43 support remains intact, XRP could still maintain its longer-term bullish outlook.
XRP’s movement in the next few days will be crucial for determining whether it continues its rally or faces a deeper correction.
The cryptocurrency remains in a critical range, and investors are watching closely for signs of strength or weakness.
Source: https://www.livebitcoinnews.com/xrps-next-big-move-will-it-break-2-4-or-fall-back-to-1-43/
