Ripple Valuation Highlights Potential XRP Recovery Amid Key Support and Resistance Levels

Key Points

1. Ripple is valued at $15 billion, ranking 23rd among private firms globally, enhancing investor confidence in XRP.

2. XRP has strong support at $2.7346 and faces resistance near $3.65, with a break above $3.5527 potentially confirming an upward trend.

3. A drop below $2.7346 could test the bullish fair value gap between $2.5678 and $2.6629, while losing $2.6168 may trigger declines.

4. Market sentiment is mixed, with selling pressure near current levels and on-chain metrics indicating possible risk.

5. Investors should monitor support levels, RSI trends, and candlestick closes above $3.5527 to identify bullish signals.