Recent XRP market situation
Recently, the price of XRP has shown signs of stability, although it is not yet clear about the potential for a strong breakout. After hitting a bottom on June 5, this cryptocurrency has had a minor recovery, but the momentum remains weak and indecisive. At the moment, XRP is trading around $2.14. While holding above previous lows, XRP still has not managed to establish a sustainable upward trend. The current market is characterized by being 'stuck', waiting for bulls to break through to drive prices higher. Analysts are closely monitoring whether XRP can maintain this positivity in the near future.
Current market and key support – resistance levels
The important price level for XRP right now is around $2.33. If buyers can push the price clearly above this level, it will indicate that demand is starting to regain control of the market. Next, the resistance levels to watch will be $2.36, $2.48, and ideally $2.47. These levels could become short-term targets for buyers if the upward trend continues. Conversely, key support levels are at $1.94 and $1.83, where the price could face strong downward pressure if it loses this area, signaling the possibility of further price declines in the short term.
Potential and resilience of XRP
To form a strong upward trend, XRP needs to demonstrate clearer buying momentum and trading volume. When buyers can easily surpass resistance levels like $2.33 and $2.47, the possibility of advancing further to $2.54 or higher will open up. This indicates positivity in market sentiment, driving stronger upward momentum. However, if XRP continues to show weakness, struggles to break through the resistance zone, or even drops below $2, market dynamics will shift to a negative state. In this scenario, the long-term support level at $1.79 becomes a critical point; if breached, the likelihood of a quick recovery in the short term will significantly decrease.
Source: https://tintucbitcoin.com/xrp-ngay-15-6-du-doan-xu-huong-dau-tu/
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