š° What are the key support and resistance levels for XRP?
8/4/2025 08:07am
**Key Support and Resistance Levels for XRP**:
1. **Support Level**: The key support level for XRP is at $2.7346. This level has been crucial in helping XRP recover from recent market dips. The Relative Strength Index (RSI) indicates growing bullish momentum, with higher lows suggesting sustained buying interest.
2. **Resistance Level**: The resistance level for XRP is near $3.65. This zone is anticipated to offer strong resistance, with a critical threshold at $3.5527. A daily candlestick close above this level could confirm further upside potential.
Understanding these levels is essential for investors as they help identify potential entry and exit points. Support levels act as a floor, while resistance levels act as a ceiling, influencing price movements in the market.