🔍 XRP Analysis – Where Is the Price Heading?
📌 Current Status of XRP
XRP is experiencing active movement today, trading around $3.34, with daily fluctuations between $2.97 and $3.34.
Although the overall trend appears positive, the price is facing strong resistance in the $3.30–$3.40 range – a critical zone that could determine the next move.
💰 What’s interesting now is the notable accumulation of $519 million, indicating increased investor interest at current levels and a possible breakout. If this resistance is breached, we could see a return to the $3.66 level or higher.
📈 Tomorrow’s Forecast – Time to Be Cautious?
According to Coinlore, the price may range between $2.78 and $3.25 over the next 24 hours, with an average estimate of $2.88.
Meanwhile, Traders Union predicts a slight drop of about -4.6% within 48 hours, suggesting a potential move around $3.19.
🎯 Practical Takeaway:
Today: Price shows some improvement, but there's hesitation around the key resistance zone ($3.30–$3.40).
Tomorrow: Possible volatility between $2.80 and $3.25, depending on technical pressure and accumulation strength.
📌 Key Technical Points to Watch:
If resistance is broken with confirmation, a new upward trend could begin.
RSI indicators suggest an “overbought” condition in some analyses, hinting at a possible short-term pullback before another breakout attempt.
Chart patterns like a bullish flag, or similarities to XRP’s 2017 behavior, offer additional hope for a strong upward move.
In the long run, some analyses forecast targets between $5.00 and $5.85, if positive momentum and sentiment continue.
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See you in tomorrow’s update 👋