XRP has followed the broader crypto market trend with a sharp sell-off but maintains most of its 300% gains from late 2024. Despite major cryptocurrencies like Bitcoin and Ethereum hitting previous swing lows, XRP is holding above $2.30, a critical point of control since it surpassed $2 on December 1. Trader Valeriya notes that XRP is at a key decision-making zone, where support between $2.15 and $2.20 may indicate upcoming aggressive growth toward $2.91. Analyst Daan Crypto highlights a triangle formation on XRP’s 4-hour chart, suggesting a probable upward break in a bull market. Additionally, positive sentiment from recent events, including discussions of an XRP spot ETF and Ripple's connections, has increased optimism among traders. XRP remains positioned above the 200-day EMA, and a confirmed daily breakout above $2.50 and $2.60 may lead towards a new all-time high over $2.90. Market watchers are advised to closely monitor XRP's price action in this critical phase.

Source 🔗