XRP Analysis

XRP continues to hold above $2, which is a sign of strength.

Key Support Levels: $2, $1.6
Key Resistance Levels: $3, $3.4

1. Buyers Remain Firm

Even though the overall market was quite turbulent in the past few days, XRP managed to hold steady above the $2 support level. Most recently, buyers took the price to almost $2.5 before a shallow pullback, indicating that demand for XRP remains high.

2. Key Resistance at $3

To truly turn the chart bullish, XRP has to break the resistance at $3. This recent bounce on the $2 support is encouraging, but bulls will have to keep the pressure and move the price above $2.5 if they hope to test this key resistance.

3. Daily MACD Shows Promise

The daily MACD moving averages are making higher lows, and the histogram is positive, showing that bullish momentum is building up. These are early signals that buyers may be waiting to return in force. If so, the price has a good shot to approach $3.