$XRP
Ripple Network Growth vs Bearish Flows: Will XRP Surpass the $2.26 Ceiling?
Ripple’s native token, XRP, is again under the microscope as it tests a critical resistance level at $2.26. Despite a robust real-world utility model powering its ecosystem, XRP remains weighed down by short-term market volatility and profit-taking. Traders and analysts are split: is this consolidation before a breakout, or a warning signal for a deeper retracement?
AMBCrypto recently highlighted this tug-of-war, pointing to the token’s fading bullish momentum amid a surge in sell orders. But beneath the charts, Ripple continues to fortify XRP’s long-term value proposition — especially through its utility in cross-border settlements and transaction fee burns.
XRP Price Update and Technical Outlook
As of May 8, XRP trades around $2.14, down approximately 8% over the past week. The price remains within a narrowing range between $2.00 support and $2.26 resistance — a zone that could dictate the asset’s short-term trajectory.
Key Technical Indicators:
Metric Value Signal RSI (14-day) 47.55 Neutral MACD Bearish cross Potential downside pressure 24H Trading Volume $2.1 Billion Declining Long/Short Ratio (Coinglass) 0.89 More short positions
The Relative Strength Index (RSI) indicates that XRP is in neutral territory, suggesting neither overbought nor oversold conditions. However, the MACD signals a bearish crossover, hinting that momentum may shift further to the downside if support at $2.00 fails.
Ripple’s Real-World Utility: A Deflationary Backbone
While short-term market participants chase volatility, XRP’s underlying utility continues to present a long-term bullish case. Bitwise’s latest DeFi and payments report shows that Ripple’s network still ranks among the most efficient and scalable payment rails.
