- XRP Shows Strength After Dip. Despite falling to $1.61 earlier in the week, XRP bounced back to $1.88
- For XRP to continue rising, it must break key resistance levels at $2 and especially $2.14 (the 20-day EMA), which could open the path to $3.
- Some analysts predict a drop to $1.30 due to a bearish chart pattern, while others believe strong support at $1.88 could keep XRP stable.
Crypto analysts are raising concerns as XRP continues to rise in price. While the recent surge is exciting for investors, some experts warn that the price could quickly fall again and XRP would hit $1.30.
Consequently, traders are now watching closely to see if the momentum can continue or if a pullback is coming.
XRP’s Mood Swings Stir Debate Among Analysts
This week, XRP’s price has been quite unpredictable, making traders and analysts closely study charts and signals to figure out what might happen next. At first, the coin dropped sharply to $1.61 on Tuesday during a general market dip, which worried many investors. However, according to CoinMarketCap, XRP bounced back, showing strength by climbing to around $1.88.
Despite the recovery, Ripple still has some tough challenges ahead. To keep moving upward, it must break past the key $2 resistance level, which is a price point where many sellers might step in. Even more important, analysts say the coin must also break above the 20-day Exponential Moving Average (EMA), which is around $2.14 right now.
If Ripple can move above that level with strong trading volume, it could spark a rally toward $3, a target that’s been talked about often in the crypto community.
At the moment, experts have mixed opinions. One analyst, Ali Charts, warned that Ripple might be forming a bearish head-and-shoulders pattern, which could mean a possible drop to $1.30 before it climbs again.
On the other hand, analyst Dark Defender is more optimistic. He pointed out that Ripple is still holding above the $1.8815 support level, and as long as that level stays strong, there’s no immediate sign of a crash.
In short, Ripple’s next move could go either way, and traders are watching closely to see if it can break resistance and rally or if a dip is coming first.