XRP Price Holds Support at $3.15, Potential Move Toward $3.8
XRP's price has rebounded from a significant trendline, converting previous resistance into support. This shift suggests a potential continuation of the bullish trend as the cryptocurrency market trends upward.
XRP Price Analysis
- XRP is currently holding support above $3 after previously dropping below this level.
- The crucial support level to monitor is $3.15, which needs to hold for a bullish scenario.
- A bounce from $3.15 and breakout above $3.4 could trigger a sharp increase in price.
- An expected 20% rise could push XRP towards $3.8, where major resistance lies.
- Lingrid notes that sustaining prices above key support indicates a bullish bias.
Bearish Scenario
- A drop below $3 would indicate a shift back to bearish control.
- Weakening market conditions could limit upside potential, even if XRP reaches $3.8.
- Resistance near $3.8 may lead to a significant rejection of upward movement.
