Key Insights:
- XRP is holding above $1.64, a support level linked to past bullish rebounds.
- Volume clusters at $1.42, $1.27, and $1.06 offer solid buyer interest below current price.
- A breakout above $1.80 may open the path to $2 if Bitcoin Dominance falls.
XRP was holding above $1.64, a level that has acted as a key reference point in previous market cycles. The price recently showed mild upward movement on the daily chart, while XRPBTC remains unclear. Some market analysts expect a short-term improvement in XRPBTC if Bitcoin Dominance moves lower, which could happen soon.
The $1.64 zone has played a clear role in past rebounds, marking a point where buyers stepped in before. As long as XRP trades above this level, it stays in a stable range. If this support holds, it keeps the path open for the next move upward.
Buyer Activity Seen Below Current Price
Data from the URPD chart shows high buyer activity around $1.42, followed by $1.27 and $1.06. These areas reflect where many market participants last moved XRP, meaning there’s interest at those levels if the price drops further.
Right now, XRP is above these zones. However, volume around $1.64 is relatively low compared to the zones below. If the current support fails, price may move quickly to retest the next lower areas where more volume is present.
Resistance Levels Ahead: $1.73 and $1.80
XRP was trading just under the $1.64 mark and is testing that area as short-term resistance. If it moves higher, the next zone to watch is $1.73. Beyond that, $1.80 stands out as the key level that may shift momentum in favor of buyers.
As noted by ChartNerdTA,
Source: ChartNerdTA/XThey added, “$1.80 is the main price level to clear for stronger confirmation.” A clear move above $1.80 could set up a path toward $2.00, which remains a key target in many technical setups.
Price Action Remains Tied to Bitcoin Market
XRP is currently moving in sync with Bitcoin’s broader trend. Analysts at CryptoWZRD suggest that XRP’s strength is linked to overall market sentiment, and a drop in Bitcoin Dominance may create space for XRP to build momentum.
Short-term traders are watching the $1.64 and $1.73 zones for signs of strength. If price holds or moves higher, XRP may continue to push upward. If not, lower volume support areas could come into play.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/analysis/xrp-holding-1-64-strong/
