However, on-chain data and market indicators show that investor interest has not completely disappeared. In particular, the increase in $XRP withdrawals from exchanges and the continued capital inflows into $XRP-linked mutual funds are interpreted as investors making long-term investments. However, analysts believe this process points to a potential bottoming-out phase rather than the beginning of a strong bull market.
From a technical perspective, one of the most important levels is the $1.13 to $1.14 range. According to experts, this area has become a critical support point in the short term. For the price to remain above this level, it is important to limit selling pressure.
On the other hand, it is stated that $XRP needs to make a sustained breakout above the $1.20 level in order to exit its current downtrend. Analysts say that surpassing this level could signal the beginning of a stronger recovery in the market.
However, a warning is issued that downside risks persist if support levels are lost. Specifically, it is believed that if support around $1.10 cannot be maintained, $XRP could retest the $1 level, which holds psychological significance for investors.
Market experts say that $XRP’s short-term direction will largely depend on price movements at these critical support and resistance levels, emphasizing that investors should closely monitor technical indicators and market volume.
This is not investment advice.
en.bitcoinsistemi.com
