#XRP #Xrpš„š„ $XRP
Hey Traders! XRP is gaining traction, up 3.7% today, and pressing against key resistance at $2.23. Price is testing both the descending trendline and a major confluence zone ā a decisive breakout or rejection could define the next move. Macro Context: Crypto Lifts After Fed Holds. The Fed kept rates steady at 4.25%-4.5%, citing trade-related inflation risks and ongoing market volatility.Powell stayed cautious , signaling no immediate cuts and a wait-and-see stance on tariffs . The market response ? Risk-on sentiment reignited . Crypto caught a strong bid in Thursday's Asia session , with total market cap up 1.2 % to $ 3.175T and all major tokens flashing green . Technical Breakdown * XRP is currently trading at $ 2.23 , sitting right below the descending trendline that has capped price action since March . * A confirmed breakout above $ 2.30 would signal a structural shift , opening the way for a rally toward $ 2.51 , then $ 2.82 . * Targets : $ 2.50 - previous consolidation high $ 2.81 - major resistance from February Bearish Scenario * Failure to break $ 2.30 = continued lower highs * Breakdown below $ 2.11 would expose : ā $ 1.92 - next key support $ 1.79 - structural breakdown zone Watch the reaction closely confirmation defines the next move ! Will XRP Break to New Highs ?
Disclaimer : This is not financial advice