Are the Bulls Holding $2.85 and Shooting for $3.60?
XRP is trading near $2.85, where bulls are trying to maintain support at $2.80. If buyers defend this level can push above $3.00, there is potential for the price to rise first towards $3.30 and then eventually potentially towards the $3.60 area price resistance. ๐๐
What Could Drive XRP to $3.60?
For XRP to be able to reach $3.60, there will need to be a big breakout above $3.15; and there will need to be major volume behind it. A close above $3.30 will confirm momentum, because in addition the overall strength of the market led by Bitcoin and Ethereum could remain strong. ๐๐ช
Why Might XRP Fall Short of $3.60?
There are risks, of course. If XRP traded below $2.80 or trades under $2.60; we could very much head lower toward the $2.50 range or even lower; without needless to say, a weak breakout without any volume and overall bearish market sentiment could likely stop the bulls from making it to the $3.60 target. ๐ปโ ๏ธ
