$XRP
XRP Stalls at $2.20 as Traders Brace for the Next Big Move
After a sharp weekend drop that briefly pushed XRP below $2, the token rebounded strongly to kick off the week—bouncing from a $1.90 low on Sunday. Monday brought a 10% rally, which extended into Tuesday as XRP touched $2.20 before encountering resistance.
Now trading slightly lower at $2.18, XRP appears to be consolidating. It’s down 0.6% in the past 24 hours, with momentum cooling as traders lock in profits. Notably, 24-hour trading volume has dropped by 45.22% to $2.79 billion, signaling growing hesitation from both buyers and sellers.
Is a Breakout Imminent?
Technical indicators remain neutral, with the Daily RSI hovering around 50—indicating indecision. A confirmed breakout above $2.20 could set the stage for moves toward $2.26 (aligned with the 50-day SMA), followed by $2.37 (200-day SMA) and $2.50. A psychological barrier sits at $2.65.
However, if XRP fails to hold the $2.00 level, downside targets may include $1.75 or lower, especially if volume continues to decline.
XRPL Upgrade Could Shift the Tide
In a positive development for the ecosystem, Ripple has launched XRPL version 2.5.0. The update introduces key upgrades such as batch transactions, token escrow IOUs, and support for MPT—potentially laying the groundwork for future adoption and price action.
With both technicals and sentiment at a standstill, XRP’s next big move may just be a catalyst away.
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