NewsBTC
Feb 23, 2025
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XRP Price Faces Resistance at $3 with Potential Targets of $6 and $60

1 min

XRP's price has seen a decline, dropping from $2.75 to around $2.57 amid market consolidation. Analysts are watching critical resistance at the $3.00 level. Key points include:

  • Heavy resistance between $2.75 and $3.00 marks a psychological threshold.
  • A monthly close above $3.00 could indicate strong bullish momentum.
  • If XRP surpasses $3.00, potential targets include $4.30 and $6.40 based on Fibonacci extensions.
  • Egrag Crypto outlines a Parabolic ARC pattern with targets of $33, $50, and $60.
  • A rejection at $3 could lead to sideways movement or a drop towards $1.90–$2.00.
  • Current trading price is $2.57, maintaining a bullish structure if it holds key levels.