XRP is riding the momentum of its recent breakout, surpassing previous all-time highs and reaching above $3.60. The battle between bulls and bears is intensifying as XRP enters a critical zone. What can we anticipate for XRP in the next 24–48 hours?
Current Market Behavior: XRP Holding Strong After Breakout
Currently, XRP is trading above crucial support levels, particularly in the $3.30 to $3.40 range. This zone, previously a strong resistance area, has now transformed into a support level following XRP’s breakthrough. This shift from resistance to support is viewed as a bullish indicator in technical analysis.
XRP has also successfully retested and rebounded from its previous all-time high, reinforcing the upward trend. The price structure remains optimistic, and unless there is a breakdown below the $3.30 support, XRP is likely to continue its upward trajectory.
In the event of a drop below $3.30, the next significant support range would be between $2.75 and $3.20, encompassing critical technical levels such as the 50 percent Fibonacci retracement from the recent rally. A decline below $2.65 could indicate the conclusion of the current bullish phase or the onset of a more profound correction.
Conversely, if buyers maintain their momentum, XRP may aim for the $3.84 level as the next target, followed by $4.33 and potentially $4.72.
How Bitcoin and Ethereum Could Impact XRP
It is important to recognize that XRP is not isolated in its movements. The broader cryptocurrency market, particularly Bitcoin and Ethereum, significantly influences XRP. If Bitcoin stabilizes near $118K without substantial declines and Ethereum avoids significant corrections, XRP stands to gain.
Furthermore, the declining Bitcoin dominance suggests that altcoins like XRP could continue to outperform in the short term.