🚨 XRP has experienced a notable V-shaped recovery, surging from a low of $2.32 to approximately $2.39, signaling a potential bullish trend. This rebound is characterized by increased trading volumes and the formation of higher lows, indicating strengthening support levels. Technical analyses suggest that if XRP maintains support above $2.35, it could target resistance levels near $3.40, which represents a significant psychological barrier and a potential breakout point.
🚨 Analysts are closely monitoring XRP's ability to sustain momentum above these key support levels. A successful breakout past $3.40 could pave the way for further gains, with some projections suggesting a rise toward $3.50 or higher. However, market participants should remain vigilant, as failure to maintain support could lead to a retracement toward lower levels.
🔍Cryptocurrency investments carry risks. Therefore, this is not financial advice (No BSH recommendation). Hence please do your own research (DYOR) before making investment decisions.