Key Levels to Watch as XRP Faces Bear Pressure
XRP faces bearish pressure, with key price levels emerging for investors to monitor. Analyst EGRAG CRYPTO identifies critical support and resistance points that could influence XRP's trajectory.
Key Levels for XRP
- Current XRP price is below $3, risking further declines.
- Support level at $2.9 must hold to prevent a potential drop exceeding 10%.
- A break below $2.9 could lead to a decline towards $2.65 as part of a Wave 5 structure.
- Resistance at $3 needs to be reclaimed decisively for upward momentum.
- Next target after $3 is $3.13; surpassing this would indicate significant bullish movement.
- Closing above $3.20 is crucial for sustained upward trends.
- Further resistance found at $3.45 and $3.65, which are barriers to reaching new all-time highs.
