XRP has witnessed a significant surge in price over the last seven days, with gains of 6.94% in the past day alone, bringing its total increase since the start of 2025 to 19.52%. However, market analysts have identified crucial price levels that could impact the altcoin’s trajectory.
According to More Crypto Online, XRP is currently experiencing bullish momentum and has identified $2.32 as a critical support level. If XRP falls below this zone, it may enter a downtrend, potentially sliding down to $2.00. On the other hand, breaking past $2.50 could signal a breakout from its current triangle pattern, indicating a potential price uptrend.
The analysts also highlight that overcoming $2.50 would push XRP towards $2.72, another major resistance zone. For investors, maintaining bullish momentum requires pushing past both resistance zones and staying above $2.32.
Currently, XRP is trading at $2.53, with its trading volume surging by 61.21% to $8.49 billion in the past day. The Relative Strength Index of 64.35 suggests room for further growth, as XRP has not yet oversold itself. Analysts continue to back bullish predictions for the altcoin following an impressive Q4 2024 rally.
Source: https://bitcoinist.com/xrp-must-stay-above-2-32-support-analyst-explains-why