Predict XRP price for 21/2: Strong upward trend?

Ripple’s XRP is currently down over 2% and trading at $2.64. The cryptocurrency is facing significant resistance levels between $2.65 and $2.80. This indicates that prices may continue to struggle around these levels in the short term. XRP has erased most of the negative gains made in the past seven days. Market sentiment remains mixed, with Bitcoin struggling to break the crucial $98K level and Ethereum also stuck below $3,000.

Support Level to Pay Attention

On the downside, support can be found at $2.50. According to Josh’s analysis from Crypto World, a drop below this level could lead to further support between $2.25 and $2.30. These levels are important to monitor as they may indicate where prices could stabilize if the downward trend continues.

Resistance Level at $2.80

If XRP breaks through the resistance level of $2.80, the next expected additional resistance level will be near $3, followed by another resistance zone near $3.20.

Potential Cup and Handle Pattern

If XRP makes a confirmed breakout above the $2.80 level, a short-term cup and handle pattern could form on the daily timeframe. If validated, this pattern could signal a higher low and indicate an increasing bullish sentiment in the market. A breakout could lead to strong upward momentum in the coming days or weeks.

Short-Term Analysis: Bullish Divergence

On the 2-hour chart, XRP has recently shown signs of bullish divergence, contrary to the previous bearish divergence, leading to a correction. Bullish divergence often leads to a short-term rebound or sideways price action. Although the RSI is approaching the oversold zone, it has not reached that level yet, and the bullish divergence remains intact at this time.

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