๐๐๐ ๐๐ฎ๐ข๐ฅ๐๐ฌ ๐๐๐ง๐๐๐ญ๐ก ๐๐ซ๐๐๐ค๐จ๐ฎ๐ญ ๐๐๐ซ๐ซ๐ข๐๐ซ โ ๐ ๐๐ฎ๐ซ๐ ๐ ๐๐ฏ๐๐ซ $๐.๐๐ ๐๐จ๐ฎ๐ฅ๐ ๐๐ก๐๐ง๐ ๐ ๐๐ก๐ ๐๐๐ฆ๐
XRP is trading at $2.24, showing signs of strength as it hovers just under a critical breakout level. After bottoming near $1.90 in April, price structure now suggests a bullish setup in progress.
๐งฑ Strong Support Holds While Bulls Push Against $2.35
XRP has maintained solid support between $2.10 and $2.15, with price currently moving upward from that base.
๐ข Resistance at $2.35โ$2.36 is the immediate ceiling. A clean break above this range could unlock higher targets at $2.44 and possibly $2.60 in the coming sessions.
A potential W-shaped double bottom remains in play, giving more weight to the breakout thesis.
Wave Analysis Suggests New Uptrend May Be Brewing
Analysts believe XRP finished a WXY correction from its early 2025 highs. From the April low, XRP:
Completed a 5-wave impulse up
Pulled back in a classic 3-wave correction
Is now possibly starting a new 5-wave bullish sequence
๐Updated Key Levels:
Immediate support: $2.22, $2.15, and $2.11
Breakdown below $2.11 could trigger a shift to lower zones like $1.95
โ ๏ธ Funding Rate Creeping Up โ Warning Sign or Launchpad?
The funding rate for XRP longs is sitting at 0.01% every 8 hours, signaling mild bullish leverage. However, if it rises above 0.02% without upward price follow-through, traders may start to unwind positions.
๐ If price drops below $2.22, short-term downside levels to watch are:
$2.01
$1.90
Possibly $1.55 if momentum breaks down completely
๐งญ Breakout vs Pullback โ What Comes First?
โก๏ธ Bullish Path: Clear move above $2.36 โ XRP could rally toward $2.44 and $2.60
โก๏ธ Bearish Risk: Drop under $2.11 โ Focus shifts back toward $1.95 support
Any dip toward $2.10โ$2.00 might create the ideal buy-the-dip zone, especially if volume kicks in afterward.
