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Crypto

XRP seen with short-term $2, long-term $100 scenario as buying interest key

XRP could move sharply in the coming weeks, with trader Ray pointing to $2 and $4 as key resistance areas and $2.60 as a recovery target. XRP has traded mostly between $1.00 and $1.20 in recent months, after dipping below support in August and rebounding near $1.70 before retreating. Some community members project XRP could exceed $100 within three years, but stress it is not guaranteed and would require much higher demand and liquidity.

Crypto

XRP rebounds to around $1.40, tests key resistance zone

XRP is testing a key resistance zone around $1.40 after rebounding from the lower end of a falling parallel channel, The Crypto Basic reported. The next resistance area is seen at $1.45 to $1.51, based on Fibonacci retracement levels set between $1.2522 and $1.7004. The $1.51 area overlaps the 0.618 Fibonacci level and the 50-week exponential moving average. A sustained move above $1.5128 could shift focus to $1.7004.

Crypto

Can XRP end four straight years of August losses as rebound chance emerges this month

XRP closed July at $1.06, putting focus on whether it can break a pattern of August declines that has lasted four years. A report said the token is testing a potential breakout at the top of a falling channel after a long slide. While August is not XRP’s worst month on average, recent years have been consistently negative. Third-quarter performance has turned positive, and traders are watching resistance at $1.20 to $1.25 and support around $1.05 to $1.06.