XRP has shown a bullish start to the week, experiencing a notable gain in the last 24 hours. Investors are keenly watching key resistance levels as the digital asset navigates both immediate potential gains and a more stable midterm outlook.
Immediate Price Action and Resistance Levels
Currently trading around $1.9292, XRP has seen a 1.89% increase over the past day. On an hourly chart, the price is approaching a local resistance point at $1.9493. Should buyers maintain their momentum, an ascent towards the $1.97-$1.98 range is anticipated. For a broader daily perspective, the critical level to observe is $1.9491. A definitive breakout above this mark could provide sufficient energy for XRP to test the psychologically significant $2 threshold, a scenario deemed relevant through the end of the current week.
Midterm Stability and Low Volatility
Looking beyond the immediate horizon, XRP's midterm outlook suggests a period of relative stability. The asset's price currently remains distant from its primary long-term levels, accompanied by low trading volume. This low volume indicates that neither bullish nor bearish forces possess enough strength to trigger any sharp, significant price movements. Consequently, traders should not expect heightened volatility for XRP throughout the remainder of the month, implying a steadier trading environment.
