XRP Holds at $1.99 Amid Bearish Pressure, But Bulls May Be Preparing a Major Reversal
XRP (XRP) is currently trading at $1.99, which is over 4% less than it was 24 hours ago. The cryptocurrency is still having a hard time with
Quick overview
- XRP is currently trading at $1.99, down over 4% in the last 24 hours, facing ongoing technical challenges.
- Recent analysis indicates a bearish trend line is still dominant, but signs of potential upward momentum are emerging.
- Key resistance levels to watch are $2.20-$2.22 and $2.48, with significant support found between $1.95 and $1.88.
- Bullish patterns suggest XRP could reach $10 or even $14-$15 if buyers can break through critical resistance levels.
XRP XRP/USD is currently trading at $1.99, which is over 4% less than it was 24 hours ago. The cryptocurrency is still having a hard time with its technical issues. But market watchers are seeing signals that a possible change in momentum may be on the way, even if the market has been going down for a long time.
XRP/USD Technical Analysis: Bearish Trend Line Maintains Dominance
Recent chart analysis from MakroVision Research shows that XRP is still firmly capped by a red trend line that has been going down and has continuously turned down comeback attempts. This overall negative formation keeps putting downward pressure on the token, which keeps the bigger technical picture leaning toward the bears.
But the way prices are moving inside the market is starting to portray a different story. The upward motions are getting sharper and more random, while the downhill phases are taking longer to develop and losing speed. The difference between the macro bearish trend and the improved micro structure shows that selling pressure may be easing as buyers gather at lower levels.
The important resistance level to keep an eye on is $2.48, which is where the main red trend line meets the current price action. A clear break above this level would be a big technical milestone and might start the bullish momentum that has been building up under the surface.
Key Support and Resistance Levels Define Near-Term Battle
Traders are keeping a close eye on a few important price areas that will decide XRP’s next big move. The $2.20-$2.22 resistance area is the first obstacle, and if the $2.48 breakout level is broken, it might start a big rally.
On the other hand, support has formed between $1.95 and $1.88, which is in line with Fibonacci retracement levels and how prices have reacted recently. If bears take control again, the price could drop further more into the important $1.40 level. However, the current trend implies that buyers may defend higher ground.
XRP ETF Inflows Fuel $10 Price Target Speculation
Fundamental demand drivers are making the bullish case stronger, in addition to technical patterns. Since they started trading on November 13, XRP exchange-traded funds have taken in more than 506 million tokens, which is about 0.74% of the total quantity in circulation in less than a month. Total inflows have gone beyond $944 million, showing that institutions are quite interested.
Chad Steingraber, an analyst, says that XRP might rise from its current pricing of about $2 to $10 in the next year, which would be a 400% gain. There is high demand for ETFs and historical evidence to back up this prediction. For example, Bitcoin’s price doubled within two years of its US ETF launch, which suggests that XRP may follow a similar path if more institutions start using it.
XRP’s inclusion in the new Bitwise Crypto 10 Fund ETF, which started with more than $1.25 billion in assets, is further sign that it is a good investment. XRP makes up 5% of the fund’s portfolio, which means it manages about 30.7 million tokens.
Chart Patterns Point Toward $14-$15 Upside Potential
Bullish technical formations on longer timeframes back up the premise. XRP has broken out of a symmetrical triangle pattern that has been going on for months on the two-week chart. The methodical move suggests objectives in the $14-$15 zone. This pattern usually comes after periods of consolidation and generally comes before strong trend continuations.
A complementary bull flag pattern has also emerged. This pattern starts with a powerful rise and then moves down into a consolidation channel. If XRP breaks through flag resistance, the predicted move for this structure is also in the $14–$15 range, which is where the triangle objective lies.
XRP Price Prediction: Dual Dynamics Create High-Stakes Setup
XRP is at a technical crossroads where a bearish trend structure is at odds with internal dynamics that are getting more positive. The token is still below a critical resistance level and is down 4% in the last day, but the combination of better price action, large ETF inflows, and bullish chart patterns implies that the bulls may be getting ready to make a big counterstrike.
The short-term future of XRP depends on whether buyers can break through the $2.48 trend line barrier and stay above it. If this level can be turned into support, the price might quickly rise toward $10 and maybe even $14–15 objectives. But if it fails, the negative structure will stay in place, and the price might drop even more to $1.40.
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