XRP Shows Strong Momentum Among Altcoins, Says Market Analyst

Trader Jacob Canfield highlights XRP as a leading altcoin, demonstrating resilience amid market downturns. Key points include:

XRP price has increased from below $0.50 in early November to approximately $3.10.
The upward trend features higher highs and higher lows, indicating a bullish market structure.
Notable support levels exist around $1.90–$2.00, which have consistently held during price dips.
A significant resistance level is noted at $2.90, previously the local top in early December 2024.
Historical support levels at $0.5478, $0.3125, and $0.1778 are far below current prices.
Recent volatility shows a quick recovery after a dip below $2.65, reflecting strong liquidity.
Canfield emphasizes that holding above $3.00 is crucial, aligning with key Fibonacci retracement levels.
A potential correction could revisit the $2.00 demand zone.

Overall, XRP's technical setup is attracting trader interest for its strong trend dynamics.