XRP Holds Firm at $1.8200 Support – Next Target: $1.9750?
XRP isn't budging. The digital asset has cemented a crucial defensive line at $1.8200, setting the stage for its next potential offensive.
The Floor is Set
That $1.8200 level isn't just a number on a chart—it's the battleground where buyers are digging in. Holding this support is non-negotiable for maintaining the current bullish structure. Every test and hold here adds fuel to the argument for higher prices.
Eyes on the Prize
With the foundation secure, the focus shifts upward to $1.9750. This isn't mere speculation; it's the logical next resistance zone, a level where previous price action has historically created friction. A clean breakout above $1.8200 paints a clear path for this rally.
The market's memory is short, but the charts have a longer view. While traditional finance pundits debate 'intrinsic value,' XRP's price action is writing its own narrative—one support level at a time.
XRP Price Mirrors Bitcoin While Testing Support
Crypto analyst CRYPTOWZRD pointed out that the price movement of XRP is virtually identical to Bitcoin’s, moving slowly on the charts. According to the analyst, if the price were to test the $1.9750 resistance level again, it could serve as a short-selling trigger, whereas a MOVE below $1.8200 indicates weak price action.
The daily candle charts for XRP as well as XRP/BTC also ended flat, and it seems like the market is waiting for some strong direction. XRP/BTC is just about to test daily supports, and a strong reversal may trigger a swift rally.
However, the analyst highlighted that although XRP may experience growth, Bitcoin’s market behavior still plays an important role in determining XRP’s future movements. The short-term focus will be on the lower time frame charts for potential opportunities.
XRP Intraday Charts Show Stagnation
As indicated in the intraday chart, there is a lack of momentum in XRP/USD, and the currency is consistently trading in a small range. A possible reversal from the $1.8200 level of support could cause an upward movement towards the $1.9750 level of resistance. A breakout above this point could be a significant buying signal in this market, and failing to do so could cause a downward movement.
XRP Weekly Chart Highlights Rebound
At the same time, another analyst, STEPH IS CRYPTO, highlighted that XRP is currently positioned again at a strong support area in the weekly chart. The momentum indicators, such as Stochastic RSI, are showing strong oversold signals, indicating that the majority of selling momentum might be exhausted.
In his analysis, this analyst said that “markets usually turn not when it looks bullish but when there is a loss of selling or buying momentum.”
In summary, the coin is at a critical level where a series of upcoming trades are significant in determining whether the cryptocurrency starts to rally or remains in a state of stagnation. Market participants are keenly aware of major levels of support and resistance in relation to Bitcoin market performance.
