đź‘€ Possible scenario:
XRP tested support at $2.12 and is now consolidating below $2.20. The price briefly bounced above the 23.6% Fib level from the $2.335 swing high but remains under pressure.
Despite the dip, XRP's fundamentals remain strong. It’s widely recognized for fast, low-cost cross-border payments and gained major institutional interest—including from the UN. Regulatory clarity after Ripple’s legal win against the SEC boosted investor confidence. XRP has surged 330% in the past year, and analysts see a bullish flag pointing to a potential breakout above $3.50 this summer.
âś… Support and Resistance Levels
Support level is now located at 2.1215
Now, the resistance level is located at 2.3370.
XRP tested support at $2.12 and is now consolidating below $2.20. The price briefly bounced above the 23.6% Fib level from the $2.335 swing high but remains under pressure.
Despite the dip, XRP's fundamentals remain strong. It’s widely recognized for fast, low-cost cross-border payments and gained major institutional interest—including from the UN. Regulatory clarity after Ripple’s legal win against the SEC boosted investor confidence. XRP has surged 330% in the past year, and analysts see a bullish flag pointing to a potential breakout above $3.50 this summer.
âś… Support and Resistance Levels
Support level is now located at 2.1215
Now, the resistance level is located at 2.3370.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.