XRP’s price continues to climb, posting a 3.5% daily gain, but can it surpass the $2.6 threshold? Analysts are eyeing key support and resistance levels for direction this week.
Key Support: $2.3, $2.0
Key Resistance: $2.6, $3
1. Momentum Builds with Higher Highs:
The rally gained speed after XRP closed Friday in green, reaching almost $2.5 before a short pullback. If buyers maintain pressure, they have an opportunity to test the resistance at $2.6. Breaking this level opens up a path towards the more distant target of $3.
2. Momentum is Accelerating:
XRP’s price is forming higher highs and higher lows with an undeniable uptrend. However, trading volume remains relatively low compared to previous surges. This could change if prices break above $2.6; increased buying activity may then attract more buyers.
The current support is at $2.3.
3. RSI Shows Continued Strength:
On Saturday, the daily RSI reached almost 69 points and set a new high before sellers intervened, pulling XRP into a pullback. This trend demonstrates a clear bullish uptrend. As long as the RSI makes a higher low, this positive momentum appears likely to continue.
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