Ripple (XRP) Price Testing Support at $2.3189, Could Be More Significant Price Movements Ahead

In recent trading, Ripple (XRP) has shown price fluctuations that have caught the attention of investors and market analysts.

In recent trading, Ripple (XRP) has shown price fluctuations that could indicate further shifts in the market. While the past 24 hours have seen a 1.08% increase in the price of Ripple (XRP), some technical indicators suggest that there could be more significant price movements in the near future. This article will delve deeper into the current trends and potential future price direction of Ripple (XRP).

Daily Technical Analysis

On the hourly chart, Ripple (XRP) appears to be testing local support at $2.3189. If the daily close is below this level, there is a possibility that the price will continue to drop towards the $2.30 to $2.31 range. This decline could be an early indicator of a broader bearish trend if this support cannot be maintained.

On the larger time frame, Ripple (XRP) has once again encountered resistance at $2.36. If the closing price remains around the current price or lower, the correction may test the support in the next few days. This suggests that selling pressure is still quite strong and could affect market dynamics in the short term.

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