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XRP has shown strong performance recently, but it remains below the all-time highs on the long-term chart. Although the price has formed marginally higher highs in some cases, it hasn’t sustained a definitive break into all-time high territory. As a result, it is still in a phase of consolidation.
Key Price Levels to Watch
Currently, XRP is consolidating just below the $3.40 level, which has been a significant resistance point. While there hasn’t been a confirmed breakout into new highs, experts are closely watching for a move towards the $4.20 and $5 targets in the near future. These are key milestones for XRP to hit, with further upside potential possibly reaching $6.62 if the bullish momentum continues.
For now, price action is creating an unclear microstructure, but it’s important to understand that the overall trend is still upward. Even with some short-term volatility, the bigger picture remains positive for XRP.
Short-Term Patterns: Volatility and Key Support Levels
On the smaller time frame, XRP had been in a triangle pattern that was completed around January 13, 2025. After the breakout, the price hit resistance below the all-time high area, which isn’t surprising given its importance in the market. Similar to Bitcoin’s struggle with the $100,000 mark, XRP might take multiple attempts before breaking out convincingly above its current resistance.
The key support area to watch is at $2.52. If XRP holds above this level, it could mean a successful bounce from the correction. However, should the price drop below this support level, XRP may see a potential move towards $2.32, and possibly even as low as $1.96. While further downside is always a possibility, the $2.52 support level will act as a critical point for validation. If the price manages to stay above this level, the price might see an immediate breakout to the upside.
