π Current Price: $2.34 | Timeframe: 4H
XRP is currently trading around $2.34, having just bounced off a strong support zone highlighted between $2.27 – $2.34 (green zone in chart). This area has previously acted as a demand zone, pushing price upward multiple times in the past.
π Chart Observations:
- Buyers defended the key demand zone again today, showing resilience in this range.
- If bulls hold above this level, the next resistance levels are at $2.48, followed by $2.62.
- Failure to hold $2.27 could open the door to a retest of the $2.10 zone.
π° Fundamental Sentiment:
- Rippleβs growing global partnerships and positive crypto market sentiment are boosting investor confidence.
- Upcoming regulatory clarity in the U.S. and adoption in remittance markets continue to be bullish factors.
π’ Spider Capital Investment Limited Tip:
Watch for a breakout above $2.48 for short-term bullish momentum. This could lead to a run-up toward the recent swing highs. However, always place risk-managed stop losses below key zones.
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