๐ซ๐ฅ๐ฃ ๐๐ผ๐น๐ฑ๐ ๐ฆ๐๐ฟ๐ผ๐ป๐ด โ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐ฆ๐บ๐ฎ๐๐ต ๐๐ต๐ฒ $๐ฎ.๐ฏ๐ฌ ๐๐ฎ๐ฟ๐ฟ๐ถ๐ฒ๐ฟ?
XRP is showing strength above the $2.25 level, but faces tough resistance near $2.30. After a sharp rally, the market is now consolidating
๐น XRP Price Action Overview
After forming a strong base near $2.10, XRP climbed steadily, breaking through key resistance levels at $2.15, $2.20, and $2.25. Bulls even pushed the price to a recent high of $2.3294, before a slight correction set in.
Currently, XRP is:
Trading above $2.25 and the 100-hour SMA, indicating strength
Holding above a bullish trendline support near $2.2750 on the hourly chart
Consolidating gains, but staying in bullish territory
๐น Key Resistance Levels to Watch
$2.30 โ Immediate resistance. A clear break could trigger momentum.
$2.32 โ Previous swing high.
$2.35 โ Major breakout level. Above here, bulls could target:
$2.40
$2.42
Even $2.50, if volume supports
A clean breakout above $2.35โ$2.40 could reignite bullish momentum across the board.
๐ป What If XRP Fails to Break $2.30?
If bulls can't push through the $2.30 barrier:
Initial support lies at $2.2750 (trendline)
Stronger support at $2.25, which also aligns with the 76.4% Fib retracement of the $2.2250 โ $2.3294 move
A break below $2.25 could open the door to a drop toward $2.22 or even $2.20
๐ Technical Indicators
MACD (Hourly): Still bullish but weakening โ showing signs of consolidation
RSI (Hourly): Below 50, suggesting the momentum is currently neutral-to-slightly bearish
โ Summary for Traders
XRP remains in a bullish structure above $2.25, but needs a confirmed breakout above $2.30โ$2.35 to continue higher. Until then, the market is likely to range between $2.25 and $2.32.
Traders should watch for:
A strong hourly close above $2.30 to confirm bullish continuation
Weakness below $2.25, which may lead to a deeper pullback