Ripple Price Analysis: Will XRP Break Above $3?

XRP’s price remains stagnant, exhibiting a sideways trend with no significant price fluctuations. While the larger timeframe shows support above the crucial level of $2, market momentum remains weak. Currently, the market appears to be in a holding pattern, lacking clear direction over recent days. 📊 📈 📉 🧐 Experts closely monitor XRP’s price patterns and believe it’s undergoing a correction period. Initially, the price appeared to form a triangle shape but now shows signs of transitioning into an ABC correction, which could take more time to complete. ⏳ 🔍 🕵️‍♂️ 🤝 🧐 📈 📉 🧐 🤯 🧐 🧐 Support and Resistance Levels 📈 In the shorter timeframe, some speculation exists regarding a potential low formation on April 7th. However, conclusive evidence is still lacking. The recent upward movement remains unclear and could be part of a temporary correction within a larger downtrend. 🔄 🔁 🤔 The support range between $1.74 and $2.30 is actively monitored. As long as the price stays above $1.74, the potential for a bullish reversal remains viable. 🚀 However, traders anticipate a significant movement beyond $2.25 to confirm a new upward trend and signal the beginning of a C-wave rally. 📈 🤔 🧐 🙏 🤯 🤞 Until then, market uncertainty prevails. XRP briefly dipped below a previous support level but has since recovered. ✅ While it’s possible we are approaching a bottom, there is still a chance the price could fall further before a sustained upward move. $2.30 serves as a potential support if this occurs. 📉 Long-term forecasts continue to predict a potential rally with targets ranging between $5.00 and $6.60, but these will only become clear once a solid bottom is confirmed and the market displays consistent upward momentum. 💪 🧐