XRP has entered its major support zone between $1.79 and $1.98, an area experts have been warning about. The chart is now showing signs of a possible reversal after touching this region. Market sentiment is currently negative, which often signals a potential market bottom.
XRP Is Testing a Critical Support Zone
The decline into this zone appears corrective rather than impulsive, indicating a three-wave pullback instead of a larger collapse. As long as XRP remains above $1.77, the support level holds. Buyers need to intervene before that level is breached.
What Needs To Happen for XRP To Reverse Upward
To confirm strength early on, XRP must surpass $2.14 to $2.15. Breaking through this range would indicate a resurgence of buyers. The next significant resistance lies between $2.69 and $2.84, a crucial area that XRP must overcome to break out of its current trading range.
Until XRP breaches this upper zone, pressure within the range persists.
Is the Bottom In
The initial bounce from support is minimal, potentially signaling the start of a small upward move. However, a stronger confirmation is needed before declaring a bottom. XRP is poised for a bullish reversal, but a more robust bounce may depend on Bitcoin’s performance. Both XRP and Bitcoin charts should be monitored simultaneously.
XRP Price Prediction Outlook
If XRP holds above $1.77 and surpasses $2.14, the next target is $2.69 to $2.84. A breakout above this zone could lead to a larger rally. Conversely, dropping below $1.77 weakens the bullish setup, potentially leading to further decline. The current structure suggests XRP is attempting to form a bottom, but stronger buyer momentum is required.
