- XRP price appears to have stepped out of the declining trend and now takes the position of $2.2, though there are indications of growing investors’ interest.
- Bitcoin has on a 20% move and has positively affected the altcoins market, including in the future recovery of XRP.
- The current XRP support is at $2 while the resistance is at $2.7265, and this places it in a good spot to give a significant movement if the sentiment is bullish in the market.
Bitcoin registered a 20% price gain in the past few days, and this has boosted the rest of the digital assets as well. It has upgraded positive sentiment in the cryptocurrency market due to its high momentum. The return of investors to the gold standard implies that Bitcoin has taken its place as an asset. At the same time, gold has also come close to its record high and enhanced the safe-haven story in the case of digital assets.
The analysis shows that Ripple has risen to $2.2, thus eradicating bearishness that threatened to intensify further. The altcoin has been trading sideways and bearish since at least the end of 2024 until such time that it found support to trend upwards. Some market analysts opined that on the technical analysis front, the fundamental structure of XRP has turned positive because formation of “death cross” was not affirmed further. The latest development in the price pattern came in at the end of the year after XRP hit as high as $3.4, an appreciation rising from 500%.
As per market technicians, XRP price is near a range low with support visible at $2.00 level. Resistance is now seen at $2.7265. It is important to note that these levels play a significant role in defining the short-term trends in the asset. Thus, if the overall bullish pressure persists, it could return to the previous high levels. The current range presents the traders with rather definite risk-reward scenarios concerning specific tendencies in the market.
Alas, the crypto trader known as DonAlt, who bought XRP at $0.50 attested to this fact saying that XRP remains one of the most notable altcoin charts. He stressed that it is still promising at the moment, provided that the performance of Bitcoin continues to rise up. XRP will also experience upside in case there is a continuation of the rally across major cryptocurrencies.
Still, it is necessary to highlight the positive feeling regarding the short-term outlook for XRP; however, its future always depends on Bitcoin and the cryptocurrency market trends in general. Based on this analysis, failure of the support at $2 would potentially lead to a revisit of $1.90 levels. However, we only see this in the case that Bitcoin starts to rise toward the $94,000 level which can force XRP to break through the resistance level and move towards the historical high.
