XRP Price Showing Support at Key Levels

XRP Price Action Update (Friday)

• Chart Overview: We're analyzing the 1-hour chart. The orange lines represent weekly opens over the past few months, which have acted as support levels.
  
  
• Support and Resistance: The price has consistently found support at key levels, currently holding around the $2.29 range. It's also above the weekly close target of $2.35-$2.36, aiming for the next target around $2.44.
  
  
• Trend Reversal Potential: If the price can hold above the $2.44 level and move toward $2.59, it would indicate a trend reversal on the weekly chart, moving us out of the current downtrend.
  
  
• Watch for Retracement: Expect a possible price retracement due to the large value gap. If there's no immediate retracement, it might happen over the weekend before continuing upward.
  
  
• Break of Structure: The daily chart has shown a break of structure, which is a positive sign. Keep an eye on the key order block for further confirmation.