XRP at Critical Juncture – Final Dip Before $3 or More Pain Ahead?
XRP's price action has traders on edge as the digital asset tests crucial support levels. After breaking below the $2.10-$2.50 zone, the token found temporary footing near $1.92. But the real test comes now - will this hold or lead to deeper losses?
Key Levels to Watch:
1- Immediate Support: $1.90 (daily close below could trigger drop to $1.79)
2- Critical Breakdown Level: $1.79 (breach may open path to $1.56-$1.21)
3- Resistance Zone: $2.16-$2.60 (breakout needed for trend reversal)
Analyst Insight:
Market watcher Casi Trades notes XRP's pattern resembles a classic "bounce-then-final-dip" formation before potential reversal. The current range between $1.55-$2.13 remains decisive.
"If support holds here with strong reaction, this could be the last low before wave 3 upside," the analyst commented, suggesting a possible run toward $3 if bulls defend current levels.
With global markets volatile, XRP traders should watch these key technical levels closely. The next few days could determine whether we see a final flush before recovery or extended downside.
Source: Coinpedia
Disclaimer: Market analysis only. Not investment advice.