XRP continues to show strength despite recent volatility in the market. As Bitcoin experienced sharp motion, XRP price action remained relatively stable. So far, the XRP trades around $ 2.20, with strong support that forms between $ 2.17 and $ 2.23.
At the forefront next week, many major economic events can cause short -term swings to the broader crypto market. On Wednesday, investors will soon watch the Core PCE Inflation Report and GDP data, followed by unemployed claims and PMI making on Thursday. Unemployment data on Friday will be on Sunday. Although this data may trigger the volatility of the intraday, analysts believe that it is not likely to move the long-term XRP trend unless the results differ greatly in the forecasts.
From a technical point of view, The XRP remains within a wider trading range, despite recent lower and lower lows. Analysts suggest that this movement still supports the idea of integration -together instead of a full downtrend. XRP may briefly sink to $ 2.05, but a continuation of $ 2.35 or $ 2.40 will appear more likely if the current support levels hold.
The volume for the XRP remains relatively low, but its 84% touch with bitcoin means it can reflect BTC movements in the short term. So far, the XRP is holding firmly, and unless there is a major transition to macroeconomic data, gradual upward movements can be seen in the coming days.
