๐ซ๐ฅ๐ฃ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ $๐ฎ.๐ฎ๐ฌ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐ฃ๐๐๐ต ๐ง๐ผ๐๐ฎ๐ฟ๐ฑ $๐ฏ?
XRP has finally broken above the stubborn $2.20 level and is gaining strength again but how far can this move go before facing resistance?
โ Quick Overview
Current Price: ~$2.22
Next Resistance: $2.30โ$2.35
Key Support: $2.08โ$2.19
Short-Term Bias: Bullish
Medium-Term Trend: Still unclear XRP needs confirmation
๐ What Just Happened?
After weeks of sideways movement, XRP bounced strongly off the $1.92โ$1.95 support zone a key level that previously held up during earlier dips. This rebound aligned with positive moves in Bitcoin and Ethereum, boosting market wide confidence.
XRP then smashed through the $2.19โ$2.20 resistance, which had been a major ceiling in the past few sessions. That level now acts as new support, and bulls are defending it well.
๐ Whatโs Next for XRP?
The next major test is $2.30โ$2.35. If XRP breaks above that, the path opens toward:
$2.66 the May high
Then possibly $3.00, as momentum builds
And longer-term, XRP is just ~42% away from its all-time high (ATH) of $3.84
However, thereโs still a technical warning: on the daily chart, XRP still shows lower highs and lower lows a sign that the bigger trend hasn't flipped bullish yet. For that to change, XRP needs to make a clean breakout above $2.35 and hold above it.
โ ๏ธ What Traders Should Watch
If XRP holds above $2.20, the trend stays bullish.
If $2.08 fails, we could see a pullback to the $1.90s.
A clean five-wave impulse has not yet completed so traders are watching for one more strong wave up to confirm the uptrend.
๐ง What You Should Do Next
โก๏ธ If Bullish: Look for a break and close above $2.35. That could signal a run toward $2.66 or even $3.
โก๏ธ If Bearish: Watch for signs of weakness near $2.30โ$2.35. If price drops under $2.08 again, the rally might be over.
โก๏ธ Neutral Play: Wait for confirmation especially a daily candle close above $2.35.