$XRP General Analysis of XRP Currency in the Foreseeable Future ⏳
💥With the official disclosure approaching, investors are awaiting a government confirmation that could reignite momentum and enhance the chances of reaching new price levels.
🧭 Technical Analysis: Levels to Watch Closely
From a technical standpoint, XRP is facing a pivotal stage:
🎯 Critical support currently lies at $1.21, a level that keeps the upward trend intact as long as it is not broken.
The current consolidation area shows a horizontal formation, likely part of a triangle pattern, indicating an impending decisive movement.
If support at $1.77 is broken, the price may drop to the range of $1.20 – $1.50.
In the bullish scenario:
🎯 Immediate resistance at $2.23, and breaking it opens the way to reach $2.56 – $2.83.
To confirm a strong upward wave, the level of $2.57 must be surpassed, with the possibility of targeting $3.40 as a key technical level.
🌀 Overall Assessment:
📝 With anticipation for the US government's disclosure, XRP remains in a critical but promising position.
🌟 An official confirmation of its status within the digital reserve could serve as a strong bullish catalyst, boosting demand and restoring confidence in blockchain-based payment assets.