XRP Pauses After Rally—Do Bulls Have Enough Fuel Left?

XRP’s price action stalls as traders catch their breath—classic ’buy the rumor, sell the news’ behavior from the crypto crowd. But don’t count the bulls out yet.

Key levels to watch: If support holds here, we could see another leg up. If not? Well, another ’correction’ for the history books—just like your portfolio after last quarter’s ’sure thing.’

The real question: Will XRP defy the usual post-hype slump, or is this just another pit stop on the way back down? Grab your charts and popcorn.

XRP Price Holds Key Support

XRP price started a decent upward wave above the $2.250 and $2.280 resistance levels, beating Bitcoin and Ethereum. The price traded above the $2.30 level to enter a positive zone.

A high was formed at $2.359 and the price started a downside correction. There was a move below the $2.30 and $2.280 support levels. The price tested the $2.220 support zone. A low was formed at $2.2220 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.2220 low.

The price is now trading below $2.2650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance NEAR the $2.250 level.

The first major resistance is near the $2.280 level. There is also a key contracting triangle forming with support at $2.220 on the hourly chart of the XRP/USD pair. The next resistance is $2.30 and the 61.8% Fib retracement level of the downward move from the $2.359 swing high to the $2.2220 low.

A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.420.

Dips Supported?

If XRP fails to clear the $2.2650 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level.

If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.160 support. The next major support sits near the $2.120 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.220 and $2.20.

Major Resistance Levels – $2.2650 and $2.30.