XRP’s price action has been relatively stagnant recently, but upcoming market events may influence its direction. The cryptocurrency is currently at a pivotal point, with how it reacts to key support and resistance levels likely determining its next move. On the Daily Chart: Near-Term Support A crucial support zone around $2.30-$2.34 is approaching, and if XRP closes a daily candle below this threshold, further declines could push prices towards the $2.10-$2.15 range. Despite this risk, overall daily price trends for XRP remain bullish. The market has continued to form higher lows and higher highs, which is typical of a healthy uptrend. However, temporary pullbacks are common even in an upward trend. Potential Upside: Breaking Above Resistance A clear break above the $2.48-$2.61 resistance range is needed for XRP to confirm a meaningful bullish breakout and signal the start of a larger price surge. Currently trading at $2.40, XRP has gained more than 1% in the last 24 hours. **Short-Term Struggle: Bearish Divergence**: XRP continues to be impacted by bearish divergence, resulting in struggles to move higher and remain stuck within a tight range. The market hasn’t witnessed a clear breakout in either direction yet. **A Short-term Bounce?** For now, XRP’s price is caught between support and resistance on the short term. Both bullish and bearish possibilities remain active. A small bounce towards the resistance zone might be possible in the near term but will only have impact if the price breaks through these levels. **Ripple & Bitcoin: Market Influence**: Keep an eye on Bitcoin’s price as it continues to exert a significant influence on the broader altcoin market, including XRP. However, recent Bitcoin price movements above $110k are yet to be fully reflected in XRP’s market movement. **Short-Term Outlook:** Two key scenarios remain valid for XRP: **Bullish Scenario**: A short-term rally might happen into resistance, followed by a brief correction and then continued growth upward. Alternative Scenario: A Direct Rally: If buyers step in at current support levels, a direct price surge could occur.