XRP Price Analysis: Can It Stay Above $2.27 and Reclaim $3?
XRP Price Analysis– XRP has been hovering around the $2 mark as market uncertainty continues to impact its price. Recently, the cryptocurrency saw a decline below the $3 psychological level, struggling to recover. Market reactions to concerns over a potential trade war, triggered by President Donald Trump’s plans to increase tariffs on aluminum and steel, have added pressure to the market, pushing XRP into bearish territory.
XRP Must Hold Above $2.27 to Maintain Bullish Trend
According to market analyst Ali Martinez, XRP needs to maintain its position above the critical support level of $2.27. In his latest analysis, he highlighted that XRP has been trading within an upward parallel channel on the 4-hour chart since December 2024. Although the asset showed signs of an uptrend with higher lows, XRP is now testing its lower trendline after slipping below the median line. This could signal a shift in trend if the support fails to hold.
“If XRP falls below $2.27, it could invalidate the ongoing uptrend,” Ali Martinez warned. “As long as it stays above this support, XRP could resume its upward momentum and potentially target the $3 mark.”
Consolidation and Market Watch: Key Levels to Monitor
Order book expert Don also emphasized the importance of XRP holding above its major support while trading within a key value range. He noted that XRP has been consolidating between $2.30 and $2.50 in recent days. With Bitcoin often dictating market movements, Don sees XRP’s next move depending on Bitcoin’s direction.
Should XRP break above $2.50, a rally toward the $2.70 range is possible. However, a fall below $2.30 could push the asset into the lower $2 territory.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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