XRP is experiencing strong bullish momentum, currently trading at $2.50, marking an impressive 11.6% increase from the previous close. This surge follows a significant breakthrough at the $2.30 resistance level, which had been tested multiple times before finally giving way to buyers’ strength. Additionally, the price climbed past $2.42, another crucial resistance, before facing a sharp rejection at the $2.59 barrier. What’s Next for XRP? If this bullish rally continues , buyers could push XRP toward the $2.71 mark, a level that may serve as a stepping stone for further gains. A break above this point could open the door for a surge to the $3.00 psychological resistance area. This level is expected to pose significant resistance, as traders may look to take profits, potentially leading to another pullback. However, selling pressure could increase, as some traders may close their positions near the $2.59 barrier, leading to a price correction. If this happens, XRP might retest the $2.42 support level—a critical zone for determining whether the uptrend remains intact. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Possible Downside Risks If sellers gain control, the pullback could extend toward $2.30, a price level that has acted as strong resistance before the recent breakout. Multiple tests at this level previously signaled a struggle between buyers and sellers, making it an essential area to watch . A failure to hold above $2.30 could trigger further declines, leading to potential weakness in the market. Traders and investors should closely monitor these key support and resistance levels as XRP’s price action unfolds. With increased volatility, strategic decision-making is crucial, as both bullish and bearish scenarios remain possible in the coming days. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Price Action Update: XRP Surges 11.6% – Key Levels to Watch for Its Next Move appeared first on Times Tabloid .
