XRP at a Crossroads: These 2 Make-or-Break Levels Could Decide Ripple’s Next Big Move
XRP traders are glued to their screens as Ripple's price teeters between two critical thresholds—one sparking bullish euphoria, the other signaling potential disaster.
The Do-or-Die Zones
Watch for the $0.55 support level holding like a fraying safety net—if it snaps, prepare for cascading liquidations. Meanwhile, $0.75 resistance looms as the gatekeeper to XRP's redemption arc, last tested before the SEC decided crypto regulation via lawsuit was 'innovation.'
Market Psychology in Play
Whales are accumulating at key levels while retail traders meme about 'the moon'—a classic setup where the big fish eat the little ones. Trading volume tells the real story: sideways action with occasional spasms of volatility when Bitcoin sneezes.
Either XRP breaks free from its regulatory purgatory with a decisive move, or becomes another cautionary tale in the crypto casino. Place your bets—the house always wins.
The Daily Chart
XRP has recently entered a narrow and decisive price range, confined between the 100-day ($2.2) and 200-day ($2.3) moving averages.
The recent rejection from the 200-day MA confirms a persistent presence of sellers and highlights the lack of bullish momentum at this level. Now, XRP is testing the lower boundary of this range near the 100-day MA. A breakdown below WOULD signal a renewed bearish leg, potentially dragging the price back down to the $2.0 support, its recent swing low.
Ripple continues to trade within a long-term descending wedge, and based on the current price action, a breakout from this structure seems unlikely in the short term, suggesting prolonged consolidation may continue.
The 4-Hour Chart
On the 4-hour timeframe, XRP had briefly broken out of a descending channel, hinting at a possible trend reversal.
However, after facing rejection at the $2.3 resistance, which aligns with a previous swing high, the price retraced to retest the channel’s upper boundary. This level is now acting as support.
Should XRP hold this level and complete the pullback successfully, a renewed surge toward the $2.3 resistance is likely.
Conversely, a breakdown below this support would invalidate the breakout and open the door to another bearish move. The price action over the next few sessions will be pivotal in determining XRP’s short-term direction.