XRP Update

$XRP 

Ripple XRP price is currently up over five percent in the last 24 hours and is trading at $2.45. Despite rising over 35 percent in the past week, the altcoin is yet to reach its all-time high of $3.84. Most of the top 10 altcoins are currently recording gains and Bitcoin is trading back above $100,000.

Ripple XRP has faced strong resistance near the $3 level, specifically around the 1618 Fibonacci extension at $3. Recently, XRP reached a high of $2.90 and failed to break the $3 barrier. This indicates significant selling pressure and the price is likely to struggle around this level in the near term. Here is a breakdown of the price analysis by analyst Josh from Crypto World:

Support Level Around $2

On the other hand, if XRP pulls back, support is expected at around $2. This level could act as a cushion for the price in case of further declines in the near future.

XRP vs Bitcoin: A Key Indicator

Looking at the XRP/BTC chart, the price action suggests that XRP has reached a key resistance point when compared to Bitcoin. If this chart is trending lower, it would mean that Bitcoin is outperforming XRP. The analyst previously shared a strategy where XRP was swapped for Bitcoin, and