The post 3 Price Levels to Watch Next appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The fact that XRP has dropped below the crucial $3 threshold indicates a change in its recent upward trend. If this breakdown does not happen right away, it might lead to more declines. With its current price hovering around $2.185, XRP is at a turning point that will dictate its short-term course. A loss of important support, which now becomes resistance, is highlighted by the decline below $3. Regaining this level with significant volume and buying pressure is necessary for XRP to return to its bullish position. But for the time being, investors are focusing on three crucial price points to determine the asset’s future course. The 50-day moving average is in line with the first important level, which is $2.62.  XRP/USDT Chart by TradingView A bounce at this level might indicate a possible reversal because it was a support zone during earlier corrections. Failure to maintain this level, though, could result in additional drops. Observe the next level at $2.03, which is the 100-day moving average. Because it is a more substantial support level, this zone is important because it may draw buyers seeking a more solid base.  Related XRP might consolidate before moving forward if it hits this level. The last level to keep an eye on is $1.50, which is also the 200-day moving…

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Filed under: News - @ January 27, 2025 9:24 am