XRP Faces Resistance; Price Could Drop to $2.33 Amid Market Weakness
XRP is currently facing resistance, struggling to break through key levels according to DustyBC Crypto's analysis. Multiple attempts to rise have been met with rejections, indicating active sellers and market weakness.
Market Overview
- XRP has encountered a strong resistance zone, leading to repeated price rejections.
- This pattern of behavior is similar to trends observed in other cryptocurrencies like Bitcoin and Ethereum.
- The market remains range-bound without significant changes in the technical picture.
Bearish Scenario
- The bearish target range for XRP is $2.69 to $2.33, as long as market weakness persists.
- There is still potential for further price decreases before a clear trend emerges.
- Traders should exercise caution, as the risk of fake-outs remains high.
Patience is advised until the market shows stronger signals, avoiding premature bullish trades. The current uncertainty necessitates careful observation, especially around the $2.69–$2.33 range, where bearish pressure could intensify.
