XRP price can go to $ 2.75 if this level breaks

The price of Ripple (XRP) is about to test a major barrier. Around $2.28 is a level that the currency has been struggling with for weeks. Analysts are watching intently. A breakthrough can trigger a new rally, but a rejection can put a damper on the market.

$2.28: This is where it has to happen

According to crypto analyst Ali Martinez, everything revolves around that limit of $ 2.28. It doesn’t come out of the blue. It is a key Fibonacci level and the top of the descending channel that XRP has been stuck in since October.

“If XRP breaks through that,” Martinez says, “then $2.75 will soon be in sight.”

But that is not a certainty. The price has already bounced off that same limit several times in recent weeks. If that happens again, a drop to $2.05 or even $1.87 is likely.

XRP is recovering after a dip, but it remains exciting

At the beginning of December, the XRP price fell from 2.20 to under 2 dollars. There is now a small recovery. At the time of writing, the price is hovering around $2.17. In 24 hours, the price fell by one percent, and there is also a slight decline on a weekly basis. According to analyst CRYPTOWZRD, there is still reason for cautious optimism.

“If XRP remains above $2,277, I see room for a new long position.”

But in the event of a rejection, he expects a period of sideways movement, with support around $2.08.

Technical signals give hope

If we look at the technical indicators, there are signs of recovery. The Stochastic RSI on the weekly chart is back in oversold territory. According to analyst Steph Is Crypto, historically this is often the starting point of an increase.

At the same time, we see that the network remains active. Analyst Amonyx speaks of “growing liquidity and striking whale movements”. Figures from CryptoQuant confirm this. Wallets holding 1 to 10 million XRP sold a combined 150 million tokens since September.