XRP’s Critical Price Levels and Potential Market Movements
- XRP’s recent decline halted at the macro 0.5 retracement level near $2.03, establishing it as a confirmed structural support.
- Momentum indicators showed bullish divergence, suggesting weakening downside pressure in the short term.
- The price could potentially rise to the $2.24–$2.26 range, defined by overlapping Fibonacci retracements and prior resistance.
- A break above $2.41 followed by a successful retest as support would indicate a shift from corrective to impulsive phase.
- Failure at $2.41 could lead to a wave-2 corrective structure with potential decline towards macro support near $1.65.
XRP has reached significant technical levels that may determine its next market direction, either towards recovery or further decline, depending on key price actions such as breaking above or failing at the $2.41 mark.
The critical support at $2.03 serves as an invalidation point for current bullish scenarios, while movement beyond $2.41 could signify a stronger upward trend for XRP’s price trajectory.(Source)
