Advertisement
AD
Advertisement
AD

This Is Key Level to Watch for XRP Bulls Amid Price Recovery

Mon, 10/11/2025 - 14:52
Could XRP be finally on the verge of another price rally after months of underperformance?
Advertisement
This Is Key Level to Watch for XRP Bulls Amid Price Recovery
Cover image via U.Today
Read U.TODAY on
Google News
Advertisement

Salaheddine Bouhmid, head of markets at IG Europe, believes that the $2.3 level will be crucial for XRP holders to hold. 

So far, buyers are defending that level, but it remains to be seen whether XRP bulls will manage to revive the lost momentum.  

So far, according to the analyst,$2.62 is acting as a major resistance level. If XRP’s price manages to rise above the aforementioned price point, it would break the resistance.

This could encourage more buying that "could bring new momentum and end the downtrend," according to Bouhmid. 

Advertisement

Giving up recent gains

XRP is currently changing hands at $2.52, according to CoinGecko data. 

St. Louis Fed President Alberto Musalem said he expects the US economy to rebound early next year, throwing cold water on future interest-rate cuts with caution.

You Might Also Like

XRP has plunged by nearly 2% on Musalem's latest comments, which are undoubtedly bearish for risk assets.

Bucking the beaish inflow trend 

According to a recent report published by CoinShares, XRP has managed to buck the bearish trend in terms of fund inflows. XRP-based investment products attracted a total of $28.2 million worth of flows despite Bitcoin and Ethereum ones bleeding $931 million and $438 million, respectively.  

Advertisement
Advertisement
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Our social media
There's a lot to see there, too
Advertisement
AD