- XRP trades at $2.74, posting a 2.9% daily decline, while holding support at this same price level.
- Resistance stands at $2.86, with potential upside targets of $2.65 and $3.20 if momentum builds.
- A breakdown below support could expose XRP to a $2.20 move, aligning with the longer-term descending structure.
XRP has reached a critical point where the traders consider a possible change in momentum. The token is at the present price of $2.74, which is a 2.9% drop in the last 24 hours. Compared to Bitcoin, XRP is trading at 0.00002506 BTC, which is an increase of 1.1-percent over the same period.
The focus on the market has been shifted to two important levels, and the support level is close to $2.74, and the resistance level is around 2.86. Analysts are still concerned with whether Ripple will be traveling to the level of $3.20 or falling back to the level of around 2.20 in the short term.
Support and Resistance Levels Under Pressure
As indicated in the graph, XRP consolidated just above the support level of $2.74. This zone has been experimented upon many times, with its significance in the present market cycle. With price remaining a concern, the traders are waiting to see the price push up to a resistance level of $2.86, which is still keeping the momentum down. Nevertheless, this trend may change with time, as more selling pressure will turn the trend.
One of the significant aspects in the chart is the long-term downward trend line which coincides with the top resistance range. The chart shows a potential upward shift to $2.20 in case bearish momentum gains momentum. Conversely, a prolonged breakout that exceeds the levels of 2.86 will most likely lead to a higher likelihood of higher zone testing.
Market Structure and Chart Projections
Market structure indicates a tightening range between support and resistance. This narrowing band increases the likelihood of a decisive move in the sessions ahead. Notably, projections identify $2.65 as a potential intermediate level. Reclaiming this area could establish momentum toward the $3.20 zone, which has emerged as a critical target for bulls.
At the same time, downside risk remains clear. Failure to maintain current support may open the path to $2.20, aligning with the highlighted lower boundary. This divergence between possible outcomes is fueling the ongoing debate within the trading community.
XRP Consolidates in Range as Traders Watch for Breakout
XRP’s immediate outlook remains tied to its position within this range. The $2.74 support will determine whether buyers can absorb pressure and shift momentum. If resistance at $2.86 breaks, traders will likely revisit the $2.65 level as confirmation before moving higher.
Meanwhile, bearish conditions could accelerate if the token closes below its support. In such a case, the focus would turn toward the $2.20 mark, which sits within the longer-term descending structure. Traders continue to monitor volume and price interaction to gauge the direction of the next move.
