XRP Price Analysis: Holding Support, but Market Remains FragileXRP has been holding relatively well within its local range, but overall, the market remains weak. Since entering the $2.20–$2.50 price territory, the asset has been moving sideways, waiting for a strong signal of a substantial low before the next rally.Key Support and Resistance Levels$1.95 Support Level: The price reacted well to the 78.6% retracement at $1.95 on February 28, aligning with the yellow scenario where a potential Wave 2 completion was tracked. However, the subsequent rally was only a three-wave move, indicating weakness.$2.14 Support Level: This level was marked as weak support, and while the price reacted here, it failed to break above $2.34, signaling continued downside pressure.$1.95 Bull-Bear Pivot: The most critical short-term level remains $1.95—if XRP holds this level, there’s still a chance for a bullish reversal. A break below could push the price toward $1.50 or even $1.20.Market Structure and Trend AnalysisCurrently, XRP is stuck in a sideways consolidation phase, making it a challenging market to trade. The structure remains corrective, meaning that until we see a strong five-wave impulse move, the overall trend remains bearish.The price is struggling to break previous resistance levels, and March 3rd’s swing low break is not a bullish sign.The market is testing support but showing no clear upside momentum.If $1.95 breaks, the next major support is at $1.50–$1.20, which would be a make-or-break zone for the bulls.Trading Outlook: What to Watch NextFor traders, this is a tough spot:If XRP reaches $1.20–$1.50, it could be a high-probability buy zone due to oversold conditions.If XRP holds $1.95, a bullish reversal may still be possible, but we need a strong impulsive breakout above resistance.If XRP drops below $1.20, it could signal that the current bullish cycle is over.Final ThoughtsXRP is currently in the middle of its trading range ($1.20–$3.40), making this area less attractive for both range traders and trend traders. The real opportunity will likely emerge if XRP drops to key support levels or if we see a confirmed breakout.For now, patience is key. We’ll continue monitoring the price action and provide updates as the situation develops.Stay Updated!If you enjoyed this analysis, make sure to:✅ Like & Share this post.✅ Subscribe to our newsletter for exclusive insights.✅ Join our community for more in-depth crypto discussions.Stay tuned for the next update!—
