XRP Struggles at $2.40 but Short-Term Rise Possible
The Most Important Points at a Glance
XRP is facing resistance at $2.40. A short-term increase is possible, but the market structure remains bearish. Despite recent price declines, the Accumulation/Distribution (A/D) indicator shows sustained demand. The next key price zones are at $2.36 and $2.62.
Resistance at $2.40 – Can XRP Break Through?
XRP has formed several price ranges in recent months, each shorter than the previous one. The last range was broken in mid-February, but the price subsequently fell below previous lows. The current resistance at $2.40 represents a crucial hurdle.
Market Structure Remains Bearish
Technical analysis indicates that the market structure remains bearish. The price has given back almost all the gains from the previous rally, which reached up to $3.40. The 78.6% Fibonacci retracement level has been breached, signaling a strong correction.
Low Selling Pressure Could Support Recovery
Despite price declines, the A/D indicator shows increasing demand. This suggests that investors remain interested in XRP. If selling pressure remains limited, a swift recovery could be possible.
Liquidity Zones as Potential Price Targets
An analysis of liquidity data shows a significant liquidity zone between $2.84 and $2.88. In the short term, price levels at $2.36 and $2.62 could act as magnets for the price. A rise to these levels is conceivable before another correction occurs.
Our Assessment
XRP shows short-term recovery potential, but the overall market structure remains bearish. A rise to $2.40 is possible, but sustained price gains depend on overall market conditions. Investors should closely monitor resistance and support zones.
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| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.39 |
| 24h % | -18.12 % |
| 7d % | -1.10 % |
| 30d % | -18.09 % |
| 60d % | 0.30 % |
| 1y % | 278.88 % |
| Official Links | Website |
| Socials | X |
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