XRP Price Prediction: Is This the Final Dip Before Reaching 3 USD?

Blotienso
XRP4,39%

XRP is struggling to find a solid platform as it continues to trade in a downtrend. Over the past week, the price has fallen below the important support zone between $2.50 and $2.10, causing a sharp decline in the range of $1.95 to $1.92. As previously predicted, XRP has found temporary support around the $1.92 level, slightly rising from that level. However, if the price breaks below $1.90 on a daily closing basis, it could trigger a subsequent fall down to $1.80 to $1.79, which is considered the next important support zone. Currently, the resistance level of XRP is between 2.16 and 2.60 dollars. A decisive breakout above 2.16 dollars will be the first sign that the downtrend may be easing. Until then, the overall market structure remains bearish on the daily chart, with the possibility of minor recoveries but no confirmed trend reversal yet. If XRP drops below $1.79, it could go into risk zone, where lowers like $1.56 and even $1.21 could come into play. On the other hand, a breakout of resistance with a strong five-wave pattern could hint at a bullish recovery starting earlier than expected. Experts say ‘Nothing has been confirmed’ Analyst Casi Trades has warned that XRP is once again approaching the important support level of $1.90. Casi explains that such “bounce and then fall” moves are common before a proper bottom forms. While nothing has been confirmed yet, XRP remains within a broader trading zone between $2.13 and $1.55. “This week has been full of tension in global events and in the charts. Pay attention to this next test. If there is a strong reaction, this could be the final low we reach before wave 3 explodes,” the analyst said.

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