Price rebound

XRP analysis: On the daily chart, key scenarios include potential growth to $0.7 if stabilized above $0.645, with support at $0.585 and $0.54 offering safe entry points. Monitor these critical levels for trading decisions.

7/31/20241 min read

XRP daily chart highlighting resistance at $0.645 and potential growth to $0.7. Key support levels a
XRP daily chart highlighting resistance at $0.645 and potential growth to $0.7. Key support levels a

On a daily chart XRP has reached a point where several potential scenarios can unfold.

Possible Resistance Scenarios:
One significant scenario is that if the price can stabilize above $0.645, there is a possibility of growth up to $0.7. This indicates the strong resistance of this level, which, if broken, can pave the way for price growth.

Possible Support Scenarios:
The key support levels for this pair are at $0.585 and $0.54. These support levels can act as safe entry steps and prevent further price declines. If the price reaches these levels and the supports hold, there is a possibility of a price rebound and growth.