XRP seems to be gearing up for a possible jump, though experts caution that it needs to push past some tough barriers to prove it’s truly heading upward. The token’s sitting at a pivotal spot, with its safety nets starting to feel a bit shaky.
Market watchers are monitoring XRP as momentum indicators suggest a bullish divergence. However, failure to hold above critical levels could lead to a downside move.
Crypto analyst C-Zar Gets Crypto highlighted XRP’s recent price action, noting that the token is attempting to stabilize after a dip. XRP had already touched lows around $1.90 and was trading at about $2.10 at the time of his recording. At publication, the price is $2.13.
A bullish divergence is evident on the daily timescale as the RSI displays both lower and higher price lows. Although the price may continue to decline, traders should be ready for a reversal, C-Zar stressed.
There is a greater chance of a decline below $1.73 or even $1.50 if XRP does not close above $2.50. If the $1.90 zone doesn’t hold, $1.63 and $1.33 are important support levels.
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Crucial XRP Levels to Watch for a Breakout
XRP needs to hold $2.50 to maintain its positive momentum, according to crypto analyst C-Zar. If it can’t maintain this level, prices may fall further. If the current trend continues, C-Zar estimates that XRP could reach about $2.20 and $2.25 soon.
Higher gains could result from confirming a bullish trend by breaking through the $2.50–$2.80 level.
A possible bullish divergence is beginning to build on the four-hour chart, but it won’t be verified until a green candle is finished. Prices may rise as high as $2.13 if this optimistic indicator comes to pass
Daily and three-day indicators also suggest a shift in momentum, with money flow showing signs of a reversal. “If we close the week above $2.50, that will be a strong confirmation of a bottom,” C-Zar added.
Bitcoin’s Influence on XRP’s Price
Bitcoin’s price movement remains a key factor in XRP’s trajectory. C-Zar pointed out that while he expects lower prices for Bitcoin, XRP could still hold strong. If XRP maintains its level while Bitcoin dips, a higher low may form instead of a new bottom.
From a Fibonacci perspective, $2.52 remains a key resistance level. Holding above this point would support a bullish reversal. If XRP fails to close above $2.50, the probability of a drop to $1.73 or lower increases.
C-Zar reiterated that this week is crucial for XRP’s price action. The token needs to push above $2.50 to maintain bullish momentum. A failure to do so could result in further downside. Bullish signals are forming, but confirmation is still needed. If XRP fails to hold $2.50, a decline to $1.73 or lower remains possible.
Breaking above $2.50 could push the price toward $2.80 and beyond. Bitcoin’s movement will also play a role in shaping XRP’s trajectory. “You need to pump this week. Get above $2.50 – $2.55 and don’t come back down,” C-Zar concluded.
Read also: We Asked AI to Predict Bittensor (TAO) Price If Bitcoin Dips to $70K
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