The price of XRP shows stability marks recently, but experts are still waiting for a clear outbreak. After hitting the lowest level on the fifth of June, the cryptocurrency took a small upward step. However, the momentum has since been weak and uncertain. At the time of this report, XRP is traded at $ 2.14.
The current market situation
The XRP price managed to adhere to the lowest level on the fifth of June, so that many other altcoins have decreased to less than the last support levels. This is a positive sign because it shows that XRP carries a little better than some of its competitors. But to turn this into a strong upward step, bulls need to intervene soon and pay the price up with the condemnation.
Main resistance and support levels
Currently, the first important price barrier for XRP is about $ 2.33. A clean break above this level may mean that buyers control. If this happens, the next resistance levels that must be seen are $ 2.36, $ 2.48, and $ 2.47 perfect. These levels can act as short -term goals if the march continues.
On the downside, the main support level will be to watch $ 1.94 and $ 1.83. Falling at these levels may hint to weakness and raise concerns about further decrease.
What do you expect after that?
In order to start a stronger climbing direction, XRP needs to show an increase in momentum and trading size. If buyers can pay the price above $ 2.33 and more than $ 2.47, the door can open to move about $ 2.54 or even higher.
However, if the price remains weak and struggles to break the resistance, or what is worse – less than $ 2 – the expectations will get more landing. The long -term support for viewing will be $ 1.79. A decrease below this would significantly reduce the chances of rapid recovery.
