After failing to breach the crucial resistance level around $2.48, XRP suffered a serious setback. After strong performance in late 2024, the asset was trying to consolidate its bullish momentum when this rejection occurred. Concerns regarding XRP's short-term trajectory are raised by its inability to overcome this resistance, which also highlights a number of important price levels.
XRP's upward trajectory was stopped by a strong barrier at $2.48. This level has historically been important, acting as support and resistance in earlier cycles. Because of the pullback caused by the rejection, XRP is now trading close to $2.33. The unsuccessful breakout suggests declining bullish strength, which could be brought on by either a lack of volume or general market hesitancy.
Support at $2.20 is to keep an eye on right now. Further bearish pressure may be indicated by a decline below $2.20, and XRP may revisit the 50 EMA close to $2.07. It is essential to hold this level in order to keep a neutral to bullish outlook. XRP may test the $1.57 mark, which corresponds to the 100 EMA, if the selling pressure increases.
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Long-term investors should pay close attention to this level because it has historically offered strong support during downtrends. Resistance at $2.48 continues to be crucial for an upward move. The next significant milestone for XRP is the $2.75-$3.00 range, and a successful breakout here could rekindle bullish momentum.
With higher volume, XRP may regain upward momentum and aim for the $2.75 target if it can hold above $2.20 and retest $2.48. A deeper correction might result from a break below $2.20, with $1.57 emerging as the crucial support zone.
The current price movement of XRP points to caution. To predict the next move, investors should keep a careful eye on volume dynamics and general market trends. The next few days will be crucial in determining whether XRP can bounce back or if a protracted correction is in store.
