tl;dr
XRP's price has rebounded to around $2.50 after dropping below $2. A Santiment survey indicates optimism for a surge to $3, based on the asset's past performance and potential market momentum. XRP is currently consolidating above $2.30, with $2.70 and $3 as key resistance levels. A successful close ...
XRP's price has shown resilience, aiming for $3 amid market volatility. It has consolidated above $2.30 and is facing resistance at $2.70 and $3.00.
XRP's price rebounded to around $2.50 after dropping below $2, with a Santiment survey indicating optimism for a surge to $3 based on past performance and potential market momentum.
XRP is currently consolidating above $2.30, with $2.70 and $3 as key resistance levels. A successful close above $2.70 could lead to a move towards $3. Failure to maintain above $2.30 could result in a retracement to $2.00 or $1.85.
The asset's consolidation phase and the $3 barrier require close monitoring for potential bullish momentum. XRP's price is not looking as bad as the rest of the market, following a quick rebound toward $2.50 after plunging into sub-$2 territory.
XRP is making an effort to rise, but the 50-day EMA is serving as immediate resistance. A strong bullish indication would be a successful close above $2.70, which might open the door for another attempt at $3.00.
XRP may gain from a resurgence of interest if Bitcoin and the larger cryptocurrency market continue to exhibit strength. On the downside, a more severe retracement toward $2.00 or even $1.85 might occur if XRP is unable to maintain above $2.30.
To confirm the bullish sentiment, the asset must make a significant push above $2.70, even though 25% of traders are still hopeful about a breakout.