Ripple's XRP is currently in red, trading below the $2.25 mark. Most of the top 10 tokens are trading in red, including Bitcoin. XRP continues to trade sideways as it remains in a consolidation phase. As the market adjusts, it is expected that this range of fluctuation will continue to exist. The following are updates on important price levels for XRP that need to be monitored in the coming days.

Key support level

XRP is currently facing support between $2.24 and $2.21. This range is based on Fibonacci retracement levels, but it is worth noting that this support is relatively weak and may be broken. The key level to watch is the swing low of $1.94. As long as XRP stays above this level, the sideways phase will remain. However, if the price falls below $1.94, it may indicate a turn towards lower support levels.

Potential next support area

If XRP fails to hold above $1.94, the next key support area is between $1.85 and $1.12. If the current sideways movement is broken, this could be an area where XRP finds strong buying interest.

Key resistance level

On the positive side, XRP is approaching the resistance level near $2.72. This price point is crucial because if XRP breaks through this level, it may indicate a potential rebound to previous highs. If XRP continues to hold its ground and eventually breaks above, this resistance level could be an important target.