Here are XRP key support and resistance levels to watch this weekend

XRP continues to navigate a turbulent market as broader crypto selloffs weigh heavily on major altcoins. Despite the volatility, XRP has managed to consolidate above the $2 mark throughout most of the month, holding firm amidst intense market liquidations. However, the token recently dropped to $1.97 on December 20, before rebounding to regain ground above the critical $2 psychological level . With traders closely monitoring price movements, analysts have identified key support and resistance levels that could shape XRP’s trajectory this weekend. XRP seven-day price chart. Source: Finbold At press time, XRP was trading at $2.15, having dropped by over 9% in the past seven days. However, on the monthly chart, the asset remains in the green, up nearly 92%. XRP key levels to watch Notably, in a recent X post , analyst DarkDefender identified critical levels for XRP in the four-hour timeframe. After testing the $2.72 resistance, XRP retraced to the $2.17 support level, where a potential double-tap appears to be forming. XRP price analysis. Source: DarkDefener/X The $2.17 level remains crucial for short-term stability. Should this support fail, the next level to watch is $2.09, with a deeper correction potentially targeting $1.92. On the upside, immediate resistance is at $2.50, a key level that XRP must break to regain bullish momentum. A decisive breakout above $2.62 would signal the completion of the ongoing correction and open the door for further gains. Meanwhile, on-chain analyst Ali Martinez noted that a rebound to $2.62 could trigger the liquidation of $20.50 million in short positions. Such a move could act as a catalyst for additional upward momentum, potentially driving XRP closer to its next major milestone at $3. $20.50 million in short positions will be liquidated if $XRP rebounds to $2.62! pic.twitter.com/IKMCIolaiV — Ali (@ali_charts) December 20, 2024 Beyond these levels, DarkDefende r had previously identified bullish short-term price targets of $5.85 and $8.76, supported by favorable market conditions and historical price patterns. Featured image via Shutterstock The post Here are XRP key support and resistance levels to watch this weekend appeared first on Finbold .