Price holds at $2.21, with $2.22 acting as a critical short-term breakout level.
Key support zones at $2.17 and $2.04 are helping contain downside pressure, suggesting steady demand.
A confirmed breakout above $2.22 could trigger sharp moves toward $2.36 and $2.65 resistance levels.
XRP is trading at $2.21, short of a crucial resistance point of $2.22, based on current market statistics. The asset gained 1.2% in the last 24 hours, which was traded in a close range of $2.17 and $2.22. Market participants are now closely observing to determine whether XRP can manage a daily close above this resistance, something some analysts believe could signal the beginning of a larger rally. This level, on numerous occasions previously having acted as a ceiling, continues to represent a key short-term technical level of resistance.
Resistance Test Signals Market Tension
The $2.22 resistance level has emerged as a focal point for XRP in recent weeks. According to chart data by Egragcrypto , the token has tested this level several times without confirming a sustained breakout. If the price regularly closes above this point, it could mean the momentum is changing and may pave the way to higher prices. Important marks that should support a rise are found at $2.36 and $2.65, as both closely match where support-resistance flipped in the past on the daily timeframe.
https://twitter.com/egragcrypto/status/1931614901560127868
Support Zone Holds as Traders Await Confirmation
Beneath the current price action, support appears to be firm around $2.17. This level has absorbed selling pressure effectively, keeping XRP within a tightly bound trading channel. Below that, a secondary support lies at $2.04, providing a cushion against broader downside risks. Market analysts view the continued respect of these levels as a sign that buyers remain engaged, even amid uncertainty around a breakout.
XRP Forms Triangle, Eyes Breakout
A visual review of the chart suggests XRP is forming a compressed price structure, typical ahead of breakout attempts. The descending trendline intersecting with horizontal resistance forms a triangular pattern—often associated with accumulation phases. If historical behavior is any guide, a decisive move, either up or down, could be nearing.
With XRP positioned just under resistance, a clean break and multiple closes above $2.22 could invite further volatility. Market observers note that such setups often trigger automated orders and liquidity shifts, resulting in faster price movements. For now, XRP continues to trade cautiously near a potential turning point.
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