XRP Approaches Critical Resistance as Bulls Defend $2.20 Support
XRP Price Analysis: Key Resistance and Support Levels
XRP is at a critical juncture after failing to test the $2.60 resistance level, trading sideways amid market uncertainty. Key points include:
- Current price stands at $2.22, below the critical $2.40 level.
- Market sentiment is risk-off, impacting altcoins like XRP.
- Bulls must defend the $2.20 support zone to prevent further declines.
- Crypto analyst Ali Martinez suggests that breaking above $3 could indicate bullish momentum.
- The head-and-shoulders pattern poses downside risks until a breakout occurs.
If XRP fails to hold above $2.20, it may drop to the psychological support level of $2.00. Investors should closely monitor these levels as they will influence XRP's short-term direction.
