- XRP faces key resistance at $3.30, with support levels between $2.52 and $2.94 providing a base for potential recovery.
- The bullish trend remains intact as long as XRP holds above the critical $2.32-$2.33 invalidation point.
- Analysts target $4.20, $5, and potentially $6.61 as the next major price milestones if upward momentum continues.
XRP, while trading below its all-time highs, continues to exhibit potential for upward movement as a five-wave Elliott Wave pattern hints at further gains. Currently trading at $3.21, the token has experienced a minor 2% drop over the past day but remains in a consolidative phase that could precede another rally.
Key Resistance and Support Levels
- XRP faces immediate resistance at $3.30, with recent consolidation building momentum for a potential breakout.
- Support lies between $2.52 and $2.94, serving as a critical base for recovery in the event of a pullback.
Market Structure and Pullback Potential
- A shallow pullback remains possible, but no clear evidence suggests the formation of a major top.
- The bullish trend holds strong as long as XRP stays above the $2.32-$2.33 invalidation point.
Next Upside Targets
- Key upside targets are $4.20 and $5, with a broader outlook projecting potential moves toward $6.61 if momentum continues.
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