- XRP holding above $3.23 supports bullish targets of $3.65 to $4.70, according to CRYPTOWZRD.
- XRP’s RSI at 47.46 signals short-term selling pressure, but the bullish outlook holds above $2.90.
- Failure to hold the $2.90–$3.30 support zone could lead XRP to $2.00–$2.20 range.
XRP price is currently testing key levels as it works toward a potential breakout. The cryptocurrency has been holding above a critical resistance zone, with the $3.23 level acting as a key support for any upward movement. A recent strong monthly candle close has sparked optimism among traders, suggesting that XRP could move toward $3.65, with the possibility of reaching $4.70 in the near future.
XRP Price Testing Key Support and Resistance Levels
XRP price is currently testing key support and resistance levels as it eyes potential upward movement. According to CRYPTOWZRD, XRP holding above the $3.23 resistance level is favorable for long setups, with the analyst suggesting that the strong bullish close of XRP’s monthly candle could pave the way for the token to reach $3.65 and even $4.70.
This suggests growing bullish momentum, but the cryptocurrency’s ability to maintain above these key levels will be critical for further gains.
On the daily chart, XRP price is retesting a crucial support zone after facing rejection at the $3.67 high. The price action is bouncing within the previous resistance area, which now acts as support, between $2.90 and $3.30.
This retest period will be crucial in determining whether XRP can hold its ground and continue moving upward. If it successfully rebounds from this level, the token could target $3.65 or even higher levels.
However, failure to maintain this support could lead to a bearish scenario. If XRP drops below $2.90, it may revisit lower support levels, including the $2.00–$2.20 range. This would signal a shift in market sentiment, and XRP’s short-term structure could turn bearish. Therefore, the retest of this area is a critical inflection point that could define XRP’s next move.
Source: CRYPTOWZRD/ X
The Relative Strength Index (RSI) stands at 47.46, indicating that selling pressure is currently outweighing buying momentum. The RSI is also breaking below its signal line, further confirming the lack of short-term strength.
Despite this, as long as XRP price stays above $2.90 and reclaims the $3.30 level, the potential for a bullish continuation remains in play. Otherwise, consolidation may be the most likely outcome.
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