The cryptocurrency $XRP is locked in a tense battle, with its price hovering around the $2.75 mark. While some analysts see a potential surge to $3.70, others are warning of a possible drop to $2.40. The next few trading sessions could be a game-changer for the digital asset.
For the past couple of days, XRP has been stuck in a tight range. On Monday, it hit an intraday high of $2.83, but sellers quickly pushed it back down. Buyers, however, have been stepping in around $2.70, preventing a significant drop. This back-and-forth action shows a clear struggle between those who believe the price will rise (bulls) and those who think it will fall (bears).
Crypto analyst Ali Martinez has laid out a clear roadmap for what's next. He suggests that if XRP can't hold its support level between $2.70 and $2.77, it could fall toward $2.40. Martinez sees this support zone as a critical line in the sand where bulls must show their strength to prevent further losses.
However, the outlook isn't all gloom. Martinez also points to a path for a potential rally. The key is for XRP to break out above the $2.90 resistance level. If it can do that, and hold its ground above the $2.70 base, the next major target could be $3.70.
Right now, the trading volume shows a lot of activity at these key levels. Every time the price tries to move higher, sellers are ready and waiting, creating strong resistance. It's a classic consolidation period, where the price is essentially holding its breath before making a big move.
The question now is: will the bulls win the fight and send XRP soaring, or will the bears drag it down?
