The price of XRP recently shows signs of stability, but experts are still waiting for a clear outbreak. After having hit a low point on June 5, the cryptocurrency made a small upward move. However, the momentum has since been weak and uncertain. At the time of writing, XRP acts at $ 2.14.
Current market situation
The price of XRP has succeeded in staying above the LOS Point of 5 June, even because many other altcoins have fallen under their recent support levels. This is a positive sign because it shows that XRP keeps a little better than some of its competitors. But to turn this into a strong upward movement, bulls have to go quickly and push the price higher with conviction.
Main resistance and support levels
At the moment, the first important price barrier for XRP is around $ 2.33. A clean break above this level can mean that buyers get control. If that happens, the following resistance levels to view are $ 2.36, $ 2.48 and ideally $ 2.47. These levels can act as short -term goals if the rally continues.
The disadvantage is the most important support level to view $ 1.94 and $ 1.83. A decrease in these levels would indicate weakness and concerned about a further decrease.
What to expect afterwards
For a stronger bullish trend to start, XRP must show an increased momentum and trade volume. If buyers succeed in pushing the price above $ 2.33 and more than $ 2.47, this can open the door for a movement to $ 2.54 or even higher.
However, if the price remains weak and is struggling to break over resistance, or worse – below $ 2 – the prospects would become more bearish. The critical long -term support to view in that case would be $ 1.79. A drop below would significantly reduce the chances of rapid recovery.