XRP is once again at an exciting point. After a sprint to its range highs, the price has fallen back to an old resistance level that must now serve as support. According to CrediBULL Crypto, everything depends on what happens here: if XRP holds, the bullish vibe stays alive. If it goes wrong, a deeper dip lurks. Exciting!
At the moment, XRP is hovering around $2.18, a decrease of 3.11% since the last close. Today it fluctuated between $2.26 and $2.10. This comes after a hefty rally towards $3.00, fueled by the news that XRP is in the US strategic crypto reserve. But yes, profit takers and some uncertainty have brought things back to key technical levels.
The price of XRP now revolves around crucial zones. The first support is between $2.30 and $2.32, where it has landed before. Slightly above, around $2.34-$2.35, is the current consolidation area. If it falls through this, $2.00 becomes a critical boundary – and below that, $1.80 beckons as a great spot to buy in.
On the upside? Minor resistance is at $2.40-$2.42, recent intraday peaks. It gets bigger around $2.50-$2.51, where the 50-day EMA hangs. If XRP really wants to explode again, it needs to break through $2.70-$2.80 to reclaim those old highs. The RSI? It peaked at 84.5 (overbought!), but is now cooling down to 63 – still bullish, but less hot. In short: keep a close eye on those levels!
In addition to the charts, the market and the outside world also play a role. The entire crypto scene felt the hype when Trump announced his strategic crypto reserve, with XRP in the mix. That pushed the price up, but when it became clear that no additional XRP is being purchased – only confiscated stuff is being used – a reality check followed. Traders took profits, and the hype subsided. However, that government link gives XRP a hefty dose of credibility for the long term.
What do you do now? Two scenarios. If XRP holds its support, you’re good with your current positions – just hold on and ride the bullish wave. If it breaks through upwards, it can explode again. But if it falls below $2.00? Then $1.80 becomes a golden opportunity to step in. Historically a solid bottom, perfect for long positions.
It’s all about preparation. Whether XRP holds or dives deeper, with a smart plan you stay in control. Follow those technical levels, stay informed about the news and keep your cool – then you make volatility your friend. What do you think – will this be a bounce or a dip for XRP?
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