XRP, one of the most robust digital currencies, makes a surprising return, thrilling the crypto market. After overcoming regulatory difficulties and market turbulence, XRP is smashing major resistance levels with velocity. The $2.25 level is a key hurdle that might unleash XRP's bullish path.
XRP's surge to $2.25 and beyond might be one of crypto's most interesting stories this year, with technical signs flashing green, institutional interest rising, and a crypto market recovery starting.
Breaking $2.25: New Highs?
The $2.25 level is crucial for XRP technically and psychologically. This zone has been a strong resistance point, determining XRP's price behavior. Breaking above it would confirm positive momentum and imply a market change toward higher buying pressure, allowing for more gains.
Breaking above this zone will reinforce bullish momentum, allowing expansion toward $2.92 and $3.4. Breaking psychological and technical resistance levels frequently accelerates price activity as stranded buyers enter and short sellers exit.
Technical indicators show XRP might surge past $2.25, supporting a bullish view. Important indicators like the Relative Strength Index (RSI) are trying to breach 55. XRP demand may increase if the cryptocurrency climbs above this level, sparking more bullish momentum.
RSI rises generally coincide with price activity, indicating buyers are taking control. Bullish momentum builds as the RSI rises over 70, making XRP more likely to challenge higher resistance levels.
Bearish Chances
Weakening momentum and inability to break above $2.25 barrier suggest fresh selling pressure and a drop near $1.97. A rejection at this important barrier might suggest buyer tiredness, enabling bears to take charge and reduce the price.
If $1.97 falls, $1.85 and $1.75 are important support levels. Failure to maintain these zones might prolong the bearish period and expose XRP to further losses.