3 August 2025
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XRP Trades at $2.81 After 5% Price Decline Amid Market Correction
XRP prices have decreased by over 5% in the last day, currently trading at approximately $2.81. A broader market correction is influencing this decline.
Key Support and Resistance Levels
- Support level at $2.65, a break below could lead to lows around $2.19.
- Resistance level at $3.12, closing above this may signal a market bottom and potential rally towards $3.60.
- Current all-time high for XRP is $3.84.
Long-Term Bullish Outlook
- XRP exhibits a long-term bullish cycle with structural traits indicating potential future gains.
- The altcoin recently emerged from a bull pennant formation, suggesting continued uptrend.
- A breakthrough past the resistance at $3.84 may target a projected price of $17, equating to a potential 525% gain.
Despite recent volatility, XRP has seen a monthly gain of 22.18%, indicating some investors remain profitable.