- CoinDesk said XRP's $2 support is the key to maintaining the uptrend.
- It stated that, along with a sustained increase in trading volume, the $2~$2.03 range could serve as the main support in this rise.
- It analyzed that if it falls below $2, there is a risk of weakening the uptrend along with a retest of $1.96.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
XRP (XRP) was showing intraday strength, and analysis said that defending the $2 level is important to maintain the uptrend.
As of the 3rd (Korean time) at 10:35 PM, XRP is trading at $2, up 5.37% from the previous day.
Crypto-focused outlet CoinDesk said about this rise, "Unlike before, this was not a short-term rebound after selling, but an ascent accompanied by sustained trading volume, which suggests larger market participants are active," and "after surpassing $1.96, it is currently forming a support in the $2~$2.03 range. This zone is the main support of this rally," it analyzed.
CoinDesk added, "If XRP continues to hold the $2 line, a rise toward the $2.03~$2.05 range can be expected," while also explaining, "If the price falls below $2, it is likely to retest $1.96, which could weaken the uptrend."
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