#XRP Technical Analysis (1D Chart)#Lareantoearn
Current Price: $2.2109
24H High: $2.2567
24H Low: $2.1920
Recent High: $3.4000
Recent Low: $1.6134
Trend Overview:
The price is currently in a sideways consolidation phase after a strong downtrend from the $3.40 level to the low at $1.6134. Since hitting that low, the price has been attempting to recover, but is facing resistance around the $2.30 area.
Support Levels:
$2.19 (short-term support)
$1.91 (longer-term support)
$1.61 (major support from the previous low)
Resistance Levels:
$2.31 (current resistance)
$2.70 (next key resistance)
$3.40 (major resistance and previous high)
Volume Analysis:
Decent 24h trading volume (101.54M XRP and 226.09M USDT) suggests continued interest, but no clear breakout yet.
Conclusion: The asset is in a range-bound market between $2.19 and $2.31. A breakout above $2.31 with volume confirmation could signal a bullish move toward $2.70 or higher. On the other hand, a break below $2.19 may retest the $1.91 or even $1.61 support levels.