XRP has undergone a significant 25% pullback from its recent peak at $2.90, causing concern among investors about its future trajectory. Despite this retracement, some analysts remain optimistic, anticipating a potential rise to $4. However, there are also expectations of further retracement before any upward rally.
Analyst Harry suggests that while bullish sentiment is still evident, XRP's future might necessitate more consolidation or a dip to realign market conditions. This highlights the uncertainty surrounding XRP's price direction, leaving room for both bullish breakout predictions and fears of a drawn-out sell-off.
Currently trading around $2.40, XRP has shown some recovery from its recent low of $2.16, though market sentiment remains mixed. Traders continue to watch key resistance and support levels at $2.25 and $2.50 closely. Holding above these levels might signal a bullish revival, while failing to do so could mean further consolidation or potential decline.
The broader crypto market's volatile trends, especially Bitcoin's fluctuations, add to this uncertainty, making XRP's next moves crucial for its price path in the coming days. Caution is advised for traders as they navigate these pivotal developments.
