XRP is currently moving in a volatile consolidation phase with pronounced key zones. The primary support is at $2.83, which is considered a crucial bulwark by many analysts. If this mark holds, a continuation of the upward movement towards $3.20–$3.35 is possible. However, a break below this zone could lead to setbacks down to $2.62 and further to $2.43.
On the upside, the area around $3.20–$3.35 represents the most important short-term resistance. A sustainable breakout above this is seen as a catalyst for a possible rally towards $3.80, $4.00, and in extreme cases even $5.16 ("Moon Target"). The currently high demand and positive market sentiment, driven by regulatory successes (Ripple-SEC case) and potential ETF fantasies, support the bullish scenario.
The indicators show a predominantly positive picture: the medium-term trend remains intact as long as XRP trades above $2.83. A deeper breach of this support would cloud the chart picture and make a larger correction likely. Investors should therefore particularly keep an eye on the $2.83 mark and the resistance zone around $3.35 – this will determine the next major trend direction