$2.45 bear stronghold is rigorously defended
XRP is attempting to follow the footsteps of Bitcoin and Ethereum, launching an attack towards the $2.35 resistance area, but it faces fierce resistance from the bears in the $2.45 region.
The price quickly fell back after reaching a high of $2.4495, not only breaking below the $2.40 support level but also losing the 50% Fibonacci retracement level of the upward trend between $2.299 and $2.449, leading to a stalemate in the long-short battle.
$2.35 is the last line of defense for the bulls
Currently, the bulls are putting up a strong defense at the $2.35 support level. The hourly chart shows a bullish trend line forming a resonance support at $2.3550, which coincides perfectly with the 61.8% Fibonacci retracement level, forming a short-term 'line of life and death'. However, the price has already fallen below $2.40 and the 100-hour moving average, indicating significant short-term upward pressure.
Upward resistance ladder: from $2.45 to $2.8
The resistance matrix constructed by bears is clearly visible: $2.40 forms the first layer of selling pressure, $2.45 as the previous high constitutes a key resistance barrier. If broken, it will successively face resistance levels of $2.50, $2.60, $2.65 up to $2.68. The ultimate goal for the bulls is aimed at the historical level of $2.80, and once broken, it will open up new upward space.
Downward risk: falling below $2.32 may trigger a crash
If it fails to break the $2.45 resistance level, the bears may launch a new offensive. If the initial support at $2.3550 is lost, $2.320 will become a critical defense line — this position is the turning point for the long-short trend. Once the closing price falls below this level, the price may accelerate downward to $2.20, and then plunge to the $2.120 'basement', forming a deep correction pattern.
Technical indicators sound the alarm
The hourly MACD is accelerating in the bearish zone, and the RSI has fallen below the 50 neutral line, indicating that bearish strength is accumulating.
$2.35 support and $2.45 resistance form a 'fateful cross', XRP is standing at a critical point for trend reversal.