Key Levels
- Upside Target: $2.58
- Next Support: $2.00
- Next Resistance: $2.35
- Downside Target : $1.96
- Direction: Neutral
XRP is currently holding above its 200 EMA, which sits around the $2.00 mark, indicating that the broader trend remains bullish. The RSI is neutral but slightly above its average, reflecting stable but cautious momentum. This suggests that XRP is in a consolidation phase with potential for continuation once the market resolves its current structure.
Scenarios Ahead
- Consolidation & Breakout: If XRP continues to hold above $2.00 and consolidates further, it could be setting up for a push higher. A clean breakout above $2.35 would open up room toward $2.58, and potentially $2.75 if momentum builds.
- Breakdown & Retest: If XRP fails to hold the $2.00 support, it could slide toward $1.96. This level must hold structurally—if not, we may see liquidation wicks driving price down to the $1.80 region, which is a major support zone.
- Trendline Retest Within Pennant Structure: Price may continue to test the lower boundary of the former pennant breakout. Holding this zone would support the idea of accumulation, keeping the breakout thesis intact while providing range opportunities.
Cryptonary’s Take
XRP remains in a healthy structure as long as the $2.00 support is held. Consolidation above the 200 EMA is constructive, and a break above $2.35 could trigger another leg up. If downside plays out, $1.96–$1.80 will be the critical demand zone to watch.100% Success Money Back Guarantee
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