XRP is currently trading at $2.19, with a market cap of $128.68 billion. According to TradingView, XRP's price action is precarious, teetering near a collapse below important support levels. Here's what's happening
- *Current Price*: XRP is trading in the $2.17 region, after failing to break through the descending trendline.
- *Support Levels*: The key support zone is $2.15-$2.10. If this area doesn't hold, the next psychological level at $2.00 will likely be tested.
- *Worst-Case Scenario*: A break below $2.00 could lead to a sharp drop toward the $1.80-$1.70 range, potentially entering the "dreaded $1 zone".
- *Technical Indicators*: The 100-day and 200-day EMAs are hovering above the market, turning from support to resistance, and the RSI falling below 40 is a bearish indicator.
- *Bullish Hopes*: To avoid further declines, XRP needs to break through the descending trendline and reclaim the $2.30-$2.35 region.
Some analysts predict potential targets for XRP, including
- *$11*: Based on a bull flag pattern
- $12.5: Based on a rare signal
- *$20+*: Based on wave analysis
Keep in mind that these predictions are based on technical analysis and may not reflect actual market performance.