XRP Price Rebounds: Analysts Reveal What Lies Ahead for Ripple

Key Insights:

• XRP price surges over 1% and exchanges hands at $2.29 with a 42% volume spike.
• Analysts reveal $2.33 as a crucial resistance level for XRP’s future trajectory.
• A top analyst said that breaking the $2.33 level could trigger an XRP price rally to $2.6 mark.

XRP price has recorded a significant recovery today, soaring past the $2.28 mark, which has sparked optimism among market participants. The latest bounce back comes amid a broader crypto market recovery, indicating that investors are regaining confidence in the digital assets.

Amid this, a flurry of experts have highlighted the key price levels for Ripple to watch ahead. Although the market pundits remain optimistic on the future trajectory of the asset, it should break through a key resistance level to continue its run to the north.

XRP Price Regains Momentum: Here’s All

XRP price has surged more than 1% today and exchanged hands at $2.29 during writing, while its one-day volume increased by 42% to $2.5 billion. Notably, the crypto has touched a high of $2.30 and a low of $2.25 in the last 24 hours.

With its current gains, Ripple coin has added more than 4% in the weekly chart, extending its gains to around 5% over the last 30 days. Besides, the crypto’s relative strength index or RSI was at 56, indicating it is currently at the neutral stage.

This indicates that the asset may continue to record more gains in the near future. Simultaneously, XRP Futures Open Interest rose more than 4% in the last 24 hours, reflecting the robust confidence of market participants.

Meanwhile, it’s worth noting that the current surge comes amid a broader crypto market recovery. During writing, the broader crypto market soared more than 1% to $3.36 trillion, with BTC price soaring around 0.6% to $108.6k.

Ripple Coin: Key Levels to Watch Ahead

As XRP price recorded a recovery today, soaring past the $2.28 resistance, analysts have highlighted the key price zones to watch ahead. For context, in a recent X post, market analyst Ali Martinez said that the XRP price must breach the $2.33 resistance level to continue its upward momentum.

Precisely, Martinez noted that if Ripple coin breaks through the key resistance, it could target the $2.6 mark ahead. Echoing a similar sentiment, market pundit Dark Defender also highlighted the key price levels to watch for Ripple coin.

Simultaneously, another expert, Dark Defender, noted that the weekly candle close for XRP price is critical, with a closing price above $2.28-$2.33 being crucial for next week’s move.

While neither staying below nor above this range will alter the primary direction, a close below $2.28 could extend the sideways movement for a few more days.

Meanwhile, Dark Defender identified key support levels for XRP price at $2.19, $2.07, and $1.16, while targets are set at $2.33 and $2.46.

What Other Experts Are Saying?

EGRAG CRYPTO also highlights the importance of specific price levels, stating that a close above $2.35 would be bullish, while a close above $2.42 would be super bullish.

On the other hand, expert Captain Faibik has made a bold prediction, asserting that the XRP price is on the verge of a bullish rally with a potential target of $4.60.

Having said that, the $2.33 level appears to be a crucial resistance for the Ripple coin. However, as per the market pundits, breaking through the resistance could trigger a strong rally in the asset’s price ahead.

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