Ripple price analysis: XRP eyes $2.42 if volume confirms breakout
2025-07-03 17:49:39
Main Idea
Ripple (XRP) demonstrates technical strength by holding above key support levels and moving averages, with potential for upward movement if volume supports a push above $2.42.
Key Points
1. Ripple XRP has maintained respect for the 200-day moving average, indicating trend continuation.
2. Major support is at $2.09, aligned with the 200-day moving average and value area low.
3. A move above $2.42 could complete a market rotation, contingent on volume expansion.
4. Holding above $2.09 with increasing volume increases the probability of reaching the $2.42 resistance.
5. Breaching the $2.42 resistance could signal the start of a potential trend acceleration.
Description
Ripple continues to show technical strength, holding above key moving averages and support levels. A move above $2.42 could complete a market rotation, if volume confirms the upside push. Ripple ( XRP ) has maintained notable strength in recent price action, even as broader market conditions remain uncertain. The coin is currently trading above major support and has been respecting the 200-day moving average, a key indicator of trend continuation. The presence of confluence with high-value suppo...
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