XRP Price Analysis: XRP Appears to be Currently Trapped in a Range-Bound Market

XRP appears to be currently trapped in a range-bound market, as the price moves between key support and resistance zones.

XRP price analysis reveals a range-bound market structure with XRP price attempting to break above the $2.40 level.

XRP price is currently trading at $2.38, up by 1.25% over the past 24 hours. However, the world’s sixth-largest cryptocurrency has seen a 6.38% decrease in value over the past week. XRP price is now up by 10.24% over the past 30 days.

XRP price appears to be preparing for another leg up, as the cryptocurrency price attempts to break above the immediate resistance at $2.40. XRP price has been trading within a range for the past few days, with support at $1.95 and resistance at $2.70.

If XRP price manages to break above the $2.40 level, the next target could be at $2.70, followed by the all-time high at $3.40.

On the other hand, if XRP price fails to break above the $2.40 level, the cryptocurrency price could continue to trade within the range for the next few days.

XRP price analysis: XRP technical analysis reveals a bullish trend

XRP price analysis on the 24-hour chart reveals a bullish trend. XRP price is trading above the 24-hour moving average, indicating bullish momentum in the market.

The Bollinger Bands are converging, indicating that XRP price volatility is decreasing. The Relative Strength Index (RSI) is at 55.64, indicating that XRP price is in the optimal buying zone.

Overall, XRP price analysis on the 24-hour chart reveals a bullish trend with XRP price attempting to break above the immediate resistance at $2.40.