XRP Shows Modest Gains Amid Market Decline, Faces Key Support and Resistance Levels
2025-07-12 14:33:13
Main Idea
XRP shows a 3% rise amid a broader market decline, testing key support at $2.7558, with potential for further movement depending on market dynamics.
Key Points
1. XRP/USD rose 3% over the past 24 hours, contrasting with the broader crypto market decline.
2. The price is testing a crucial support level at $2.7558; a drop below could lead to a test of $2.70 or lower.
3. XRP trades at approximately $2.7780, within a broad channel ranging from $1.7711 to $3.40, indicating a balance between buyers and sellers.
4. A sustained move above $2.78 could open the door for a retest of the $3 resistance level.
5. Key support levels at $2.7558 and $2.6461 will be critical in determining XRP's near-term price trajectory.
Description
Cryptocurrency markets opened the weekend under pressure, with most assets trading in the red according to CoinStats data. Amid the general downturn, XRP stands out by gaining 3% in the
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