Ripple XRP Price Volatility Analysis: Short-term Support Range at $2.00-$2.05
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Volatility: Ripple's XRP quickly reclaimed the fourth spot in market cap at the start of the year, surging past crucial resistance levels of $1.90 and $2.00, indicating strong market demand, but is currently facing resistance at $2.40, with prices retreating to above $2.10.
- Bearish Prediction: The AI predicts that XRP may retrace back to the key levels of $2.00 and $1.90, and if it falls below $1.85, it would invalidate the recent bullish structure, suggesting that the early rally was merely a temporary bounce.
- Bullish Outlook: Should XRP decisively break through the $2.40 resistance, it could see a double-digit surge towards $2.60, with weekend order books potentially accelerating this move if sudden buying pressure emerges.
- Base Case: The AI identifies the most probable scenario as sideways consolidation between $2.00 and $2.30, with short-term support at $2.00-$2.05, and without major catalysts, the market is likely to remain in this tight range while awaiting clearer directional signals.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
