#SaylorBTCPurchase #xrpetf #BinanceAlphaPoints
Sunday 27/04/2025 - 11:54
The popular altcoin XRP is likely witnessing its major battle since the SEC vs. Ripple.
Google News
It seemed that XRP's recent move toward the resistance level of $2.2 might finally achieve a breakthrough. But what traders got was another decisive rejection - the fourth in four weeks.
It is no secret that XRP is one of the most popular cryptocurrencies in the market, and everything you need to know about its price is currently happening on the weekly chart.
Recently, the price of XRP reached $2.2 again before dropping back down, following a familiar pattern the market has seen several times now, where every attempt was met with selling pressure, keeping the altcoin's price trapped in a tightening range. According to CoinMarketCap, the situation looked particularly good this week, but when unexpected resistance occurs without follow-through, it usually makes people more cautious than optimistic. And this seems to be true. At this stage, there are two prominent scenarios. If the price of XRP surpasses the $2.2 barrier and maintains strength by the close of this week, it could reach $2.4, and here lies the next real challenge.
Nevertheless, another rejection could push the price of XRP toward the support area between $1.9 and $1.95, which is the area where prices have dropped in recent weeks. It is a well-known area, but each re-test pushes the support level a little further out, making it harder to predict the range over time. It is clear that the momentum is at a crossroads. The failure four times at $2.2 shows that sellers are still pressing, but the price stability above $1.9 indicates that buyers are not ready to give up either. The tug-of-war continues - and the next big move may determine the course of XRP's summer.
