The $0.75 Wall : A Key Threshold for XRP?
The cryptocurrency market is constantly evolving, and XRP investors are closely watching the movements of their favorite asset. Recently, Ripple’s token attempted to break through a significant resistance zone between $2.55 and $2.62, but once again, the price was rejected. This zone has been a challenge for Ripple for some time, just like for many other altcoins in the market. Despite this rejection, the price has slightly retreated but is holding above crucial support levels.
Even with these minor declines, the overall XRP trend remains bullish. On the daily chart, this crypto continues to form higher highs and higher lows, a classic sign of an uptrend. Currently, the price is finding support around $2.30 to $2.34, an area that was previously a resistance zone. As long as XRP stays above this level, the bullish momentum should continue.
A Bullish Scenario supported by Elliott Waves ?
According to a recent technical analysis based on the Elliott Wave Theory, a popular tool for predicting market cycles, the token could still be in the middle of its fifth and final uptrend wave. This wave likely began when XRP hit a low in July last year.
If this pattern holds true, XRP could target new highs. It would have long-term price targets between $4.20, $5.00, or even $5.65 before a major market correction begins.
How High Can XRP Go ? Key Technical Thresholds to Know
Currently, XRP is trading in a narrow range. A key resistance lies just above $3.30, while a strong support is found at $1.21. As long as the price remains above $1.21, the bullish scenario remains intact. However, a break below this level would weaken the current setup and could lead analysts to reconsider their forecasts.
In summary, the token seems poised to continue its upward trend if the current model holds. Investors will need to closely monitor key resistance and support levels in the coming days and weeks. If XRP manages to reach new highs, price targets up to $5 could become realistic in the medium term.
How to Buy XRP?
To invest before its potential rise to $4, here is a guide to buy this altcoin on Bitget, one of the top exchanges, in just a few minutes:
- Open a Bitget account
Go to Bitget’s website, create an account with your email or phone. Then confirm the code sent and activate 2FA to secure your account. - Verify your identity (KYC)
Provide an ID to complete the KYC verification, required for trading. - Fund your wallet
In “Deposit,” add funds via cryptos (USDT, BTC) or fiat (Visa, Mastercard, bank transfer). - Find the token
Access “Spot Market,” type “XRP” in the search and select the XRP/USDT pair. - Place your order
Opt for a market order (instant purchase) or limit order (set price), indicate the quantity. Check and confirm.
