XRP Price Analysis: Key Levels to Watch for Potential Recovery
XRP (XRP) has seen a decrease of around 35% in the past month, attributed to the ongoing tariff disputes initiated by US President Donald Trump. Despite this, the XRP price is currently holding above $2.00, with analysts emphasizing the importance of reclaiming $2.20 for a sustainable recovery. Egrag Crypto, a market analyst, points out that XRP is trading above a significant support level, indicating strong buy orders in that region. The analyst also highlights key resistance levels to watch for on the upside, such as $2.20, $2.60, $2.80, and $3.10. Additionally, caution is advised as a breakdown may occur if $2.20 does not hold, as indicated by the 21-day EMA crossing with the 100 SMA.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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