XRP is currently priced at $3.2257, reflecting a gain of 1.05% over the last 24 hours. Market analysts highlight specific levels crucial for determining future price direction.
The immediate support level for XRP is identified at $3.1720. A sustained close below this threshold could trigger further downward pressure, potentially driving the price towards a testing range of $3.10 to $3.15.
Conversely, resistance sits firmly at $3.333. Breaking above this level is seen as a significant technical event. Should the price decisively move past $3.40, analysts suggest this could act as a trigger, potentially confirming a shift towards a more bullish trend.
Traders are advised to closely monitor the $3.1720 support level for indications of potential reversals. Additionally, a decisive breakout above the $3.40 level is viewed as a signal for potential buying opportunities.
The broader outlook indicates that failure to hold current support levels on longer time frames might lead XRP towards the $3.10 range.