Data from CoinStats reveals that buyers dominated the opening day of the week, leading to a slight decline in XRP’s price. Despite a dip, analysts anticipate a possible breakout above the local support level of $2.1124 if prices close near the resistance of $2.1804. This could push XRP towards the $2.20 area.
Looking at the broader timeframe, experts suggest focusing on the nearest level of $2.2330. If this level breaks out, further gains could target the $2.20-$2.30 and even $2.40 areas. However, long-term predictions remain speculative given that it’s still early in the week.
If the daily bar closes above $2.2330, XRP might surge towards the $2.50 mark.