XRP When Will It Exceed 3 USD? Analysis and Prediction

Market analysis of XRP

XRP is currently trading in a sideways pattern, with no significant change in price trend. On the long-term timeframe, the price remains above the important support level of 2 USD, but the momentum is still weak. The market is in a waiting phase, with limited navigation in recent days. Experts predict that XRP is still in a correction phase. Initially, the price pattern resembled a triangle, but it is now forming a more common corrective pattern called an ABC correction, which may take additional time to complete.

Important Support and Resistance Levels

On shorter time frames, there is speculation that a bottom may have formed on April 7, but there is not enough evidence to confirm this. Recent fluctuations may just be a temporary adjustment in a larger downtrend. The support zone from 1.74 to 2.30 USD is being closely monitored. As long as the price remains above 1.74 USD, the possibility of a new upward trend still exists. However, a strong movement above 2.25 USD is needed to confirm the new upward trend, signaling the start of wave C, which could lead to higher levels.

Long-term prediction

Until then, the market remains uncertain. XRP has previously broken through the previous support level but has started to recover. Even though there is a possibility that the bottom has appeared, there is still a chance that the price may drop further before rising, with $2.30 being the next support level if this happens. Long-term predictions still include the possibility of price increases, with a target ranging from $5.00 to $6.60, but these will only become clear when a clear bottom is confirmed and the market shows strong upward momentum.

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