XRP’s price took a breather after recently breaking above $2.30. It’s now correcting gains but still holding above a key support zone at $2.22, giving bulls a possible launching point for another rally.
🔹 XRP initially surged past major resistance levels, pushing through $2.25 and $2.28, even reaching a local high of $2.359, outperforming both Bitcoin and Ethereum. However, the price has since pulled back and tested the $2.22 support zone.
Trading Below the Moving Average, Triangle Suggests Imminent Break
Currently, XRP is trading below $2.2650 and also under the 100-hour simple moving average, signaling caution among traders. At the same time, the XRP/USD hourly chart shows the formation of a contracting triangle, with the lower boundary sitting right at $2.220.
🔹 Short-term resistance is located around $2.250,
🔹 Stronger resistance awaits near $2.280,
🔹 Major breakout zone remains at $2.30, which also aligns with the 61.8% Fibonacci retracement of the recent correction.
A clear move above $2.30 could propel XRP toward $2.35, and potentially even $2.42, where bulls would face stronger opposition.
What If Bulls Lose Momentum?
If XRP fails to clear $2.2650, it might trigger another decline. The key support to watch is at $2.220, with a secondary level around $2.20.
🔹 A drop below $2.20 could accelerate selling,
🔹 The next potential support zones lie at $2.160 and then $2.120.
Technical Overview
📉 MACD (Moving Average Convergence Divergence) has shifted into bearish territory – indicating cooling momentum.
📊 RSI (Relative Strength Index) remains below the neutral 50 mark, suggesting downward pressure still dominates.
Summary:
🔹 Supports: $2.220, $2.20
🔹 Resistances: $2.2650, $2.30, $2.35
XRP is at a critical juncture. The market is seeking direction — and the $2.22 support could be the springboard for the next bullish surge… if it holds.
#xrp , #Ripple , #CryptoAnalysis , #CryptoPredictions , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
