XRP is currently facing resistance at the Supertrend level, with its price action confined within a narrow range. The cryptocurrency has seen a modest 0.8% increase over the past 24 hours, trading around $1.89 after testing the $1.93 level earlier. Despite recent volatility, XRP has maintained its position above $1.88, with a 24-hour trading volume of $2.59 billion, down 19.84%. The market cap stands at $115.41 billion, reflecting a slight 0.98% increase.
On the daily chart, XRP continues to experience bearish pressure, with the Supertrend indicator positioned above the current price, indicating a prevailing downtrend. The price is testing support near $1.89, below the Supertrend level of $2.13, suggesting a challenge for buyers to overcome this resistance. Analysts are watching for a potential breakout above $1.93, which could signal a bullish shift, targeting levels around $2.20 and potentially $2.40.
Analyst Diana on X notes that XRP's roadmap has entered Phase 4, marking an expansion phase where the price historically accelerates. She projects targets of $4.8–$5.2 in the next 3–6 months, $7–$9 in 6–12 months, and $12–$20+ in 12–24 months, contingent on breaking the all-time high and ensuring strong liquidity.
XRP Faces Supertrend Resistance Amid Potential Breakout
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