XRP Faces Key Resistance at $2.82 Amid Potential Market Shift
XRP at Key Resistance Level
- XRP is currently testing a critical resistance level, with analysts watching for a potential breakout.
- Key price level on Binance to watch: $2.82. Breaking and sustaining above this could signal bullish momentum.
- XRP remains range-bound, indicating market indecision.
Exchange Variations and Market Complexity
- Major exchanges are aligning around Fibonacci retracement levels; key range on Binance is between $1.35 and $1.46.
- This range may complete the macro Wave 2 correction, potentially leading to a Wave 3 impulse toward $6.50 or $10.
- Discrepancies between exchanges, such as Binance and Coinbase, can affect price reactions during trading events.
Until XRP breaks and holds above $2.82, the possibility of a final downward wave remains before a major upward cycle might begin.