XRP (XRP) Price Holds Its Ground Aiming for the Next Leg Up

Ripple (XRP) is holding its ground strongly and aiming for the next leg up. Recently, the token experienced a huge surge in its value after the announcement of the Ripple case win against SEC, but XRP faces a pullback after hitting $2.57.

In the ever-shifting landscape of cryptocurrencies, Ripple (XRP) is steadily regaining lost ground after a period of consolidation. The token, which shot up massively following the announcement of the case win against SEC, is now facing some pullback after reaching highs of $2.57. Over the past week, XRP has risen slightly by 1%, showcasing stability and setting the stage for further upward movement.

However, the broader cryptocurrency market is still in a stable phase, and what the next phase will hold remains to be seen. If Bitcoin manages to break out of its current consolidation and crucial resistance, it could provide the necessary impetus for altcoins, including XRP, to gain more significant momentum. Currently, the token is trading at $2.39 and is down slightly by 0.30% over the last 24 hours.

Three Major XRP Gap Zones to Watch

Crypto expert Crypto Patel has shed light on three significant "gap zones" that have formed on XRP’s daily chart, which could play a crucial role in the token’s next major price move.

The first gap zone is evident between $1.712 and $1.546, presenting a key area to watch for potential price action. The second gap spans from $1.00 to $0.9268, another critical range that may influence market dynamics. Lastly, the third gap extends from $0.772 to $0.64, forming a lower support region that could impact XRP’s trajectory.

According to Patel, in the current highly bullish market environment, the first gap (GAP 1) has a strong chance of being filled before the token attempts a rally toward the coveted $5+ range. However, from a purely technical perspective, if the token follows Fibonacci retracement patterns, it may need to revisit GAP 2 and GAP 3 levels to establish a sustainable uptrend.

These identified gaps align with areas of high liquidity, making them attractive zones for strategic accumulation. Traders and long-term investors may find these levels ideal for setting their buy orders, leveraging potential reversals and bounces that could emerge as the token navigates these price ranges.

As the market continues to evolve, all eyes will be on the token’s price action and Bitcoin’s next move, both of which could largely decide the altcoin’s trajectory in the coming weeks.