XRP Breaks at $2.20
There is strong resistance at $2.20 for XRP; a breakout will ignite bull strength.
To uphold bullish potential, XRP has to act like it holds support at $2.00.
Experts are closely observing the $2.20-$2.40 area to determine the destiny of XRP.
The price of XRP has remained in a constricted range of $1.95 and $2.08, which suggests compression in a potential bull flag pattern. Since the market tests significant resistance levels, investors anxiously await a breakout to determine the next big move.
XRP Struggles Beneath Key Resistance Levels
XRP was repeatedly rejected at the peak of a declining wedge since late 2024. Having established a high above $3.80, XRP entered a long bear trend, and each rally attempt could not break through resistance . The price in early 2025 between $1.00 and $2.60 tested significant horizontal levels of resistance for support. In March, XRP dropped to lows of $1.00 before rallying sharply, showing strong buying interest.
After the breakout of the internal falling wedge resistance in mid-April, XRP initiated a potential reversal towards bullish pressure. The market has been ranging over the $2.00 support, which has been tested many times, making it increasingly significant since then.
According to market analyst Alek Carter, the significant resistance level of $2.20 remains an obstacle to XRP’s price increase . He further explains that if XRP can hold above $2.00 and break through the downtrend line, it would signify a reversal.
Source: Alek
Alek also points out that the $2.40 resistance level is key to confirming a sustained move upwards. He reiterates that XRP needs to break through this level to continue bullish momentum. Although the breakout above $2.10 was positive, Alek reiterates that the price action must hold above the trendline for a complete reversal. Until such time, the price may continue to encounter resistance, with the market waiting for definitive confirmation of a trend change.
