XRP Price Surge Meets Resistance — Can the Bulls Regain Control? 🚀
XRP made a strong move, climbing above the $2.25 mark and briefly touching $2.35. But after hitting resistance, the price pulled back — leaving traders wondering: Will bulls return to fuel another breakout?
🔹 Recent Action
XRP surged past $2.250, outperforming both Bitcoin and Ethereum. The rally even broke the $2.2850 barrier and touched $2.30 before sellers stepped in around $2.35.
🔻 A rejection near $2.35 sparked a downward move. The price dipped below the 50% Fibonacci retracement level of the $2.205 to $2.353 rally and broke a key bullish trendline near $2.2650 on the hourly chart.
📊 Current Status
Despite the dip, XRP is still trading above $2.250 and remains supported by the 100-hour SMA. On the upside, resistance looms at $2.280 and $2.2880. A solid break above $2.2880 could open the door toward $2.320 and potentially $2.35–$2.3650 again. Beyond that, bulls may aim for the $2.40 zone.
📉 Downside Risks
Failure to break above $2.2880 might trigger another drop. Immediate support lies at $2.250, followed by a crucial level at $2.240 — the 76.4% Fibonacci retracement of the recent rally. A close below $2.240 could lead to a decline toward $2.220 or even $2.20.
📈 Technical Snapshot
MACD: Bearish momentum building
RSI: Sitting below 50, signaling weakness
Key Supports: $2.250, $2.240
Major Resistances: $2.2880, $2.320
👉 Bottom Line
The XRP bulls have a shot at recovery — but they must reclaim $2.2880 soon. Until then, caution rules the chart.
