Ripple’s XRP has surged by 18% over the past week, now trading at $2.75**. The cryptocurrency briefly touched **$2.80 before retracing, with its next moves likely dictated by critical support and resistance zones. Meanwhile, Bitcoin struggles below key resistance at $96,500, down 2% in 24 hours.
Bullish Outlook for XRP
- Breakout Scenario: A push above $2.80** could propel XRP toward **$2.96 and $3.30**, with longer-term targets at **$4.19 or even $5.
- Caution: Without a clear breakout, consolidation or pullbacks remain possible.
👉 Track XRP’s live price action here
Critical Levels to Monitor
Resistance Levels
- Immediate: $2.80
- Next Targets: $3.30 (all-time high), $4.19
Support Levels
- Mid-Term: $1.96–$2.35
- Key Hold: $1.95 (February low)
Market Trends & Analysis
- November Rally: XRP breached its 2021 high of $1.96**, peaking at **$2.90 in December.
- Recent Volatility: Price found footing at $1.95 in early February, signaling potential accumulation.
Expert Take:
"A dip into support ($1.96–$2.35) may precede the next major breakout."
FAQ: XRP Price Dynamics
Q: Why is XRP down today?
A: Profit-taking near resistance and Bitcoin’s weakness are pressuring prices.
Q: Can XRP skyrocket soon?
A: Yes, if $2.80** breaks decisively. Targets include **$3.30 and $5.
Q: Is XRP a good investment now?
A: High-potential but volatile. Watch $2.80 for breakout confirmation.
👉 Explore XRP trading strategies
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