- XRP remains range-bound between $1.11 and $1.67.
- A break above $1.67 or below $1.11 would change the market outlook.
- Volume indicators suggest the potential for a move lower to $1.11 or $0.87.
XRP’s price action remains unchanged, with the cryptocurrency continuing to trade between key support at $1.11 and resistance at $1.67. According to cryptocurrency analyst CasiTrades, this price range has remained intact, with no significant breakouts in either direction.
XRP’s Current Trading Range: Key Levels to Watch
The hourly chart for XRP shows a clear range between $1.11 and $1.67, with no decisive move beyond these boundaries. The asset is currently testing Fibonacci levels, with the 0.618 level at $1.7830 acting as a key resistance point.
According to CasiTrades, a break either below $1.11 or above $1.67 would alter the technical outlook, indicating a shift toward either a bearish or bullish trend.
XRP’s Wave Pattern: What Traders Should Expect
CasiTrades points out that XRP’s current price movement fits within a larger five-wave pattern, with potential for further downward movement. The volume indicators suggest that selling pressure may build up, pushing XRP into a Wave 3 down within the larger pattern. This could signal a potential breakdown toward the $1.11 support or beyond, depending on how the market reacts.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
