Is XRP on the verge of a price explosion? Here’s the analysis for the coming hours!

XRP is currently trading around $2.34, and has shown a period of consolidation and readiness for a strong movement ahead.

Technical Analysis:

Current support: $2.26 – if maintained, this is a positive signal.

Main resistance: $2.45 to $2.52 – breaking through this area could push the price towards $2.60 and then $2.85.

The RSI is in neutral territory and leaning upwards, indicating a potential upcoming rise.

Trading volumes have started to gradually increase, indicating the entry of new liquidity.

Will XRP rise?

The most likely scenario is an upward movement, especially with a breakout of the technical resistance approaching.

However, breaking the support at $2.26 could lead to a correction towards $2.10 or even $1.99.

Forecast for the coming hours:

If the level of 2.5226000129445 is broken with a 4-hour candle close, there is a strong chance for a surge towards higher levels.

On the other hand, if the price is rejected at resistance, we may witness a temporary pullback that tests the $2.20–2.10 area.

Advice: Monitor the movements carefully, and only enter with clear technical confirmations, as the market is on the brink of a potential price explosion!