{"id":64573,"date":"2025-12-12T17:54:43","date_gmt":"2025-12-12T17:54:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-holds-support-around-a-key-level-eyes-2-3-check-forecast\/"},"modified":"2025-12-12T17:54:43","modified_gmt":"2025-12-12T17:54:43","slug":"xrp-holds-support-around-a-key-level-eyes-2-3-check-forecast","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-holds-support-around-a-key-level-eyes-2-3-check-forecast\/","title":{"rendered":"XRP holds support around a key level, eyes $2.3; Check forecast"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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The cryptocurrency market has bounced back from the post-FOMC slump, with Bitcoin hitting the $93k level a few hours ago. <\/p>\n

Leading altcoins such as Ether and XRP are also in the green.<\/p>\n

Ripple\u2019s XRP is up by more than 1% and could rally higher in the near term after defending the $1.9 support level once again.\u00a0<\/p>\n

XRP lands on Solana, Ethereum, and others<\/h2>\n


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XRP is up 1.4% in the last 24 hours and is now trading above $2.03 per coin. The positive performance comes as Bitcoin and other leading cryptocurrencies bounce back from the FOMC dip.<\/p>\n

Another catalyst for XRP\u2019s surge is the launch of XRP on a few blockchains. Hex Trust announced on Thursday that it will issue and custody wrapped XRP (wXRP) on Ethereum, Solana, Optimism, and HyperEVM.<\/p>\n

wXRP is a 1:1-backed representation of native XRP designed to expand XRP\u2019s DeFi and cross-chain utility beyond the XRP Ledger.<\/p>\n

According to Hex Trust, the wXRP will be tradable alongside RLUSD on the supported blockchains. <\/p>\n

wXRP will launch with more than $100 million in total value locked, ensuring immediate liquidity and reducing early-stage friction.<\/p>\n

Thanks to this integration, authorized merchants can mint and redeem the wrapped asset in a regulated, automated environment, with all underlying XRP held in segregated institutional custody.<\/p>\n

This will allow DeFi protocols to gain exposure to XRP and leverage it for liquidity, provisioning, and collateral without relying on unregulated third-party bridges.\u00a0<\/p>\n

According to RippleX, the initiative aligns with growing institutional demand to use XRP and RLUSD across various blockchains within the crypto ecosystem.\u00a0<\/p>\n

The announcement is structurally bullish for long-term utility. <\/p>\n

However, it didn\u2019t push XRP\u2019s price higher in the near term, with the market still experiencing choppy price action since the start of the month.<\/p>\n

While the price hasn\u2019t significantly improved, XRP\u2019s volume has increased, suggesting a profit-taking or repositioning by crypto traders ahead of the next move in XRP price.<\/p>\n

XRP finds support around a key level<\/h2>\n


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The XRP\/USD 4-hour chart is bearish despite adding 1.4% to its value in the last 24 hours. <\/p>\n

The cryptocurrency found support at $1.96 during the weekend and rallied by 3.66% by Tuesday.<\/p>\n

However, the market corrected on Wednesday following the FOMC meeting, retesting the $1.9 support once again. <\/p>\n

At press time, XRP is trading at $2.03 and could rally higher in the near term.\u00a0<\/p>\n

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If the daily support at $1.96 holds, XRP could rally higher and reclaim the $2.35 resistance level over the next few hours or days.\u00a0<\/p>\n

The RSI on the 4-hour chart reads 42, suggesting a fading bearish momentum. <\/p>\n

The MACD lines are also close to the neutral region, indicating that the buyers are regaining control of the market.\u00a0<\/p>\n

However, if the daily candle closes below $1.96, XRP could decline towards the next daily support level at $1.77.\u00a0<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Invezz ) The cryptocurrency market has bounced back from the post-FOMC slump, with Bitcoin hitting the $93k level a few hours ago. Leading altcoins such as Ether and XRP are also in the green. Ripple\u2019s XRP is up by more than 1% and could rally higher in the near term after […]<\/p>\n","protected":false},"author":14,"featured_media":64574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64573"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=64573"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/64574"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=64573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=64573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=64573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}