XRP has reached the resistance line after pulling back from the upper resistance of $2.65 on May 14.
If the price falls below the resistance line, it suggests that the bullish momentum has weakened. This increases the likelihood of limited action within a range between $2.65 and $2 for a few days.
On the contrary, a solid bounce from the resistance line indicates that the bulls are trying to turn this level into support. Sellers could present a significant challenge at $2.65, but if the bulls prevail, the XRP/USDT pair could reach $3.