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The price of XRP has been showing signs of stability recently, but experts are still waiting for a clear breakout. After hitting a low on June 5th, the cryptocurrency made a small upward move. However, the momentum since then has been weak and uncertain. At the time of writing, XRP is trading at $2.14.
Current Market Situation
XRP’s price has managed to hold above its June 5th low, even as many other altcoins have fallen below their recent support levels. This is a positive sign because it shows XRP is holding up slightly better than some of its competitors. But to turn this into a strong upward move, bulls need to step in soon and push the price higher with conviction.
Key Resistance and Support Levels
Right now, the first important price barrier for XRP is around $2.33. A clean break above this level could mean that buyers are gaining control. If that happens, the next resistance levels to watch are at $2.36, $2.48, and ideally $2.47. These levels could act as short-term targets if the rally continues.
On the downside, the key support level to watch would be $1.94 and $1.83. A fall to these levels would hint at weakness and raise concerns about a further drop.
What to Expect Next
For a stronger bullish trend to begin, XRP needs to show increased momentum and trading volume. If buyers manage to push the price above $2.33 and beyond $2.47, it could open the door for a move towards $2.54 or even higher.
However, if the price remains weak and struggles to break above resistance, or worse — falls below $2 — the outlook would turn more bearish. The critical long-term support to watch in that case would be at $1.79. A drop below this would significantly reduce the chances of a quick recovery.