"XRP enters short-term correction... $3.22 is a key resistance level"

Uk Jin

Summary

XRP has recently shown short-term weakness.
NewsBTC stated that $3.22 could be a key resistance level during this short-term correction.
If the resistance is not broken, there is a possibility of further decline to $3.00.

XRP is showing short-term weakness. Analysts suggest that the key resistance at $3.22 could be a decisive point.

On the 29th (KST), the cryptocurrency media outlet NewsBTC reported, "It appears that XRP has entered a short-term correction." As of 2:14 PM that day, XRP was trading at $3.13 on CoinMarketCap, down 4.23% from the previous day.

XRP's weakness began around 3 o’clock the previous day. With continued sell pressure over 24 hours from the previous $3.32 mark, the price declined to $3.13. NewsBTC explained, “A technical downturn occurred as the ascending trendline at the $3.24 level was particularly broken down."

As for the future direction of XRP's price, breaking through the key support level at $3.22 is projected to be crucial. NewsBTC noted, "The upper resistance levels are $3.1680 and $3.22, and breaking through could open the way for a recovery to $3.25 and $3.33." However, the analysis also pointed out, "If resistance is not broken, XRP could slide back down to support at $3.05 and $3.00."

XRP