XRP is currently hovering between important support and resistance levels, standing at a critical point to determine its future direction. Currently, strong buying pressure is flowing in the range of $2.10 to $2.15, showing temporary stability.
The immediate resistance level is formed in the range of $2.30 to $2.34. If XRP breaks through this resistance level, it has the potential to rise to $2.44, and further to the range of $2.56 to $2.62.
However, if rejected at the $2.30 to $2.34 resistance level, there is a risk of completing a head and shoulders pattern on In the In this case cause, may fall $.
The long-term bullish scenario remains valid as long as the level between $1.21 and $1.55 is maintained. According to the Elliott Wave, entered 5th ascent and may rise to $$$5.65. However,,, only possible when the market shows strength and creates a new high point.
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