XRP’s price performance in recent days Let bullish businessmen want, Its price fell to $2.10 and could not trade more than $2.20. Although the overall sentiment of the crypto market Relatively neutral, For XRP, it is still possible to keep its price down to $0.93 (if not lower).
According to the technical analysis of the TradingView platform, the price structure of XRP is testing key technology formation areas and may fail.
Segmentation may follow the XRP price structure
this Analysis outlines the price structure Currently, XRP is fixed between the descending resistor and the horizontal support line, while 2.13 areas act as buffers. The above is the $2.58 resistor, which, despite multiple tests, turned out to be difficult to overcome. A breakout beyond the region could lead to bullish momentum, but so far, XRP has not been able to clear it convincingly.
On the downside, if XRP fails to maintain its current level and falls below $2, the possibility of rising to $0.93 towards deeper demand ground is increasing. However, this is not set by the stone, as the demand level is higher, about $1.708 and $1.4248, which could make any further collapse stand out. These are Best price zone to buy XRP.
The weekly candlestick timeline chart below highlights the historical accumulation zone, which is approximately $1.708, $1.4248 and $0.9329, which may be the installment points for the rebound, but only if the seller does not outperform the buyer at these levels.
Strong fundamentals face short-term bearish
Despite the technical risks of price collapse, XRP’s fundamentals are still strong. Ripple’s solution with the U.S. SEC canceled a major regulatory overhang earlier this year, clarifying that XRP is not a safety for retail investors. This legal clarity opens the door to institutional interests, especially speculation established around the SEC Approved XRP ETF. Several companies, including Bitwise and Grayscale, have submitted documents, and analysts are expecting a decision by the end of the year. Polymer data Shows 83% chance of approval In 2025.
Parallel, ripple is Upgrade XRP Ledger (XRPL) Supports more complex financial use cases. All these upgrades are designed to make the network attractive to banking and enterprise users.
If the bullish trajectory plays and each bullish is basically locked, the bullish price target is $2.85 in the short term and $5.50 in the year end. and stretch goals high By 2030, $10-$20.
Even so, fundamentals do not always avoid corrective measures, especially in highly volatile environments like encryption. If any technical failure occurs, they can cover positive emotions in the short term, and the XRP crash could be as low as $0.93. At the time of writing, XRP is trading at $2.18.
Featured Images from Getty Images, TradingView.com Charts
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
