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After failing to breach the crucial resistance level around $2.48, XRP He suffered a serious setback. After a strong performance in late 2024, the asset was trying to consolidate its bullish momentum when this rejection occurred. Concerns are being raised about XRP's short-term trajectory due to its inability to overcome this resistance, which also highlights a number of important price levels.
XRP's upward trajectory was stopped by a strong barrier at $2.48. This level has been historically important, having served as both support and resistance in previous sessions. Due to the decline caused by the rejection, XRP is now trading near $2.33. An unsuccessful breakout indicates a decline in upward strength, which can be caused by either a lack of volume or general hesitation in the market.
The support at $2.20 to watch now. Further downward pressure could be indicated by a drop below $2.20, and XRP may revisit the 50 EMA near $2.07. It is necessary to hold at this level in order to maintain a neutral to bullish outlook. XRP may test the $1.57 mark, which corresponds to the 100 EMA, if selling pressure increases.
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Long-term investors should pay close attention to this level because it has historically provided strong support during downtrends. Resistance at $2.48 remains crucial for an upward move. The next important milestone for XRP It is the $2.75-$3.00 range, and a successful breakout here could revive the bullish momentum.
With higher trading volume, XRP may regain bullish momentum and aim to reach the $2.75 target if it can hold above $2.20 and retest $2.48. A deeper correction could result from a break below $2.20, with $1.57 emerging as a crucial support area.
The current price action of XRP indicates caution. To predict the next move, investors should carefully monitor volume dynamics and general market trends. The next few days will be crucial in determining whether XRP can bounce back or whether a long-term correction is in store.
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