XRP Bulls Hit the Brakes: Is the 9% Weekly Surge Running on Fumes?
Ripple’s recent rally stalls as traders question whether the momentum can hold—or if this is just another crypto pump primed for a reality check.
After clawing back 9% in a week, XRP faces its classic resistance dance: enough hopium to fuel retail FOMO, but not enough to scare the institutional bagholders.
The chart whispers ’overbought’ while the hype screams ’next leg up.’ Place your bets—just remember the golden rule of altseason: what goes up usually comes down faster than a leveraged trader’s margin call.
XRP Analysis
The Daily Chart
XRP has recently retraced upward, testing the critical $2.4 resistance level, an area that aligns with the upper boundary of a long-standing wedge pattern. Despite this bullish attempt, the momentum appears weak, with no convincing signs of sustained buying strength. This $2.4 zone also coincides with the 100-day moving average, reinforcing it as a robust supply area and making it a challenging barrier for bulls to overcome.
Given the lack of sufficient market demand and momentum, a rejection from this level is likely, setting the stage for a period of sideways consolidation. Broader market structure indicates that Ripple remains confined between the 100-day and 200-day MAs. A decisive breakout from this range is essential for the market to gain clear direction and witness an impulsive move, either to the upside or downside.
The 4-Hour Chart
On the lower time frame, XRP’s waning bullish momentum becomes more apparent as the price approaches the significant $2.4 mark. Here, the formation of a potential three-drives pattern suggests buyer exhaustion. The $2.4 level has served as both support and resistance multiple times during the recent consolidation phase, emphasizing its psychological importance.
Even if Ripple manages to break above $2.4, the next immediate hurdle lies at the wedge’s upper boundary around $2.5. Only after reclaiming both these levels can buyers aim for the crucial $3 psychological threshold. In the short term, however, a minor pullback seems likely before bulls can mount a stronger attempt to push higher.
