$XRP I have prepared a technical analysis of the price of XRP based on the data available as of today.
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Current situation and key levels
Currently, XRP is in a consolidation phase after a recent correction. This means that the price fluctuates within a certain range without a clear direction.
Consolidation range:
The price moves within a corridor between support and resistance levels. An important support level is $3, while resistance is around $3.40. Consolidation of the price above or below these levels may determine the further direction of movement.
Support:
The level at $3.00 is key. If the price holds above this level, it may serve as a signal for bullish movement.
Resistance:
Levels at $3.40 and $3.79 are important resistance points. A breakout and consolidation above these values may open the way to new historical highs (ATH).
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Indicators and their signals
Bollinger Bands:
The price of XRP is in the middle of the Bollinger Bands, indicating a pause in movement. The expansion of the bands suggests that the upward momentum is not yet exhausted.
Moving averages:
XRP quotes consistently hold above the 20-day moving average, confirming the strength of the upward trend.
Oscillators (RSI, MACD, etc.):
Some oscillators show signs of oversold conditions, which may indicate a possible bounce or price reversal upward in the near term.
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Possible price development scenarios
Bullish scenario (most likely):
If the price of XRP holds above the key level of $3.00, there is a high probability of further growth. The following options are possible:
Breakout and growth:
The price breaks through and consolidates above $3.40, after which it moves towards the level of $3.79 and potentially to new ATH.
Consolidation and breakout:
The price continues to consolidate in the range of $3.00 - $3.40, after which a powerful upward surge follows.
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Bearish scenario:
If the price of XRP cannot hold the support level of $3.00 and falls below, it may lead to further declines.
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Long-term forecast
Many analysts link the long-term prospects of XRP to the outcome of the lawsuit with the SEC and the overall state of the crypto market. In the case of a favorable outcome and the beginning of a new bullish cycle, the price of XRP could rise significantly.
Forecasts for 2025:
Some analysts predict a rise to $5.50, and under very favorable conditions (for example, if the total capitalization of Bitcoin reaches $3 trillion) — even up to $9-15.
Forecasts for 2026:
An increase to $8.00 is expected, provided there is an expansion in the use of Ripple technology.
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Important note:❗️
Technical analysis is not a guarantee of future results. It is merely a tool for assessing probable scenarios. Always conduct your own research and consider market risks.
