XRP shows a promising short -term structure, the price that meets key support levels. After a period of consolidation, The graph suggests a solid updated configuration tThe hat has been built in recent days and weeks. The reaction of the market to these support areas suggests the potential of a positive price advance. At the time of writing the editorial staff, XRP is negotiated below $ 3.10 and is down more than one percent in the last 24 hours.
Action and support levels at current prices
After a decline in mid-January, XRP plunged into a support area between $ 2.52 and $ 2.68. Although the market did not immediately explode, this beach remains crucial to determine the next one. As long as the price remains above this support area, it suggests that the market respects the current parameters and a rebound could occur.
Key price levels to monitor
To confirm that the weak has been established and that the two wave is finished, XRP must maintain its current hollow (about $ 2.65). If this level has remained, XRP can expect the market potentially slowing towards the range of $ 4.20 to 5. It is important to note that the wave two is a corrective decline, and the experts anticipate a continuation of trend after this phase.
Critical escape levels
For a strong confirmation that the upward trend resumes, XRP must break the levels of resistance of the keys. The first obstacle is a break greater than $ 3.21, followed by a decision of more than $ 3.40. Until these levels are exceeded, the market remains in a range and a holding of the support area between $ 2.76 and $ 2.97 is still possible. If XRP breaks below $ 2.76, it could see a larger corrective structure unfold, which can possibly push the price to $ 2.52.