XRP is currently trading at $2.40, with a market capitalization of $140 billion, indicating a strong 24-hour trade volume of $2.95 billion. The digital asset has been consolidating near this level, with key support and resistance levels being defined by technical indicators.
The 1-hour XRP/USDC chart shows a gradual uptrend since March 11, with the price making higher highs and higher lows. Immediate resistance is at $2.475 to $2.50, while support lies between $2.30 to $2.35. Trading volume remains moderate, suggesting that sustained moves above $2.40 could push the price toward the next resistance at $2.50 to $2.60.
The 4-hour chart shows XRP bouncing from $1.89 and recovering to $2.40, indicating strong buying interest near the $1.90 to $2.00 range. If XRP can break above $2.50 to $2.60 with strong volume, it could rally toward $2.80 to $3.00.
The daily chart suggests a potential higher low formation, which could support a move higher if $2.40 to $2.50 holds as a support zone. Major support levels are at $1.90 to $2.00, while resistance is seen at $3.00 to $3.40.
Oscillators currently indicate mixed signals, with the relative strength index (RSI) and commodity channel index (CCI) signaling neutral conditions. However, momentum and moving average convergence divergence (MACD) suggest a shift toward bullish sentiment.
Key Fibonacci retracement levels on the daily and 4-hour charts highlight potential areas of support and resistance. A break above $2.73 could confirm bullish continuation toward $3.00. XRP’s moving averages provide additional insight into its trend, with some indicating encouraging signals while others indicate potential resistance ahead.
If XRP maintains support above $2.40 and breaks through the $2.50 to $2.60 resistance zone with strong volume, a rally toward $2.80 to $3.00 is likely. Conversely, failure to hold $2.35 and break below the critical $2.30 support level could lead to a deeper retracement toward $2.20 to $2.00.
Source: https://news.bitcoin.com/xrp-price-watch-bulls-eye-3-00-as-key-support-holds