- If XRP goes above $2.22 three days in a row, there is a possibility it could rise to $2.40, $2.60, and even $3.80.
- XRP demonstrates a clear uptrend due to RSI at 66.12 and a positive MACD.
The downward trendline on EGRAG CRYPTO’s chart is keeping prices low, and the most recent candles are touching this resistance area. Once XRP moves and remains above the trendline at $2.22, it may head toward $2.40 and further up to $2.60 or $3.80. The market is also reinforced by a well-defined support zone going from $1.80 to $1.00, as $1.00 and the $1.02 Fibonacci retracement level are very close together. The area highlighted in the chart as the Submarine Section acts as a holding area for gold and silver.
Indicators on the chart are forming a positive structure.
According to monthly data, XRP is at $2.2588, with nearly 4% gains for the period. The RSI is currently at 66.12, showing that there is still strong upward movement in the market. The current trend could result in the price moving even higher.
Source: Tradingview
The MACD line is still above the signal line, but the histogram is getting weaker, so buying action is required to support the recent momentum. With that said, the trend continues to go up since the latest monthly candle was above where it was struggling before..
Community Engagement and Market Sentiment
You’ll also find that the messages on the chart encourage by calling them the XRP family and suggesting they are ready for a big move. They are often applied to boost the morale of shareholders during the merger process.
There is close watch on this condition, especially to confirm the buying volume and whether any rise beyond $2.22 can be maintained. If everything works out, XRP could soar in value in the next few weeks and possibly reach prices not seen since its last significant rally.
“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.”
