XRP is currently trading at $2.43 with a 0.29% increase in the last 24 hours. Here's a breakdown of its market performance ¹:
- *Market Cap*: $144.35 billion
- *Open Price*: $2.43
- *High Price*: $2.51
- *Low Price*: $2.35
- *Previous Close Price*: $2.43
From a technical standpoint, XRP has shown promising signs. Some analysts believe it's on the verge of a historic rally, with potential upside targets of nearly 200% from the breakout point. This is based on the 3-day chart displaying a breakout from a bullish pennant pattern. Additionally, XRP has broken above the neckline of the inverse Head and Shoulders pattern, further supporting the bullish outlook ².
*Key Support and Resistance Levels:*
- *Support*: $2.30 zone has acted as a valid support area, with potential movement toward the $2.50 region if the structure holds
- *Resistance*: $2.50 zone is a key area to watch, with potential buying opportunities around this level
- *Buy Zone*: $2.17-$2.50 range is considered a buying opportunity by some analysts
*Fundamental Analysis:*
- *Potential ETF Approvals*: Traders believe there's a 79% chance that spot ETFs for XRP will get approved, which could positively impact its price
- *SEC Case Settlement*: The SEC case settlement has allowed Ripple to move forward with its plans, potentially including an IPO
BuY XRP
