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XRP Smashes Resistance—Is a 2025 Bull Run Imminent?

XRP Smashes Resistance—Is a 2025 Bull Run Imminent?

Author:
Newsbtc
Published:
2025-05-09 04:28:45
10
2

XRP just bulldozed through key technical barriers—sparking speculation this could be the start of a major rally. After months of sideways action, the breakout has traders dusting off their moon math.

Market mechanics hint at upside: The token cleared its 200-day moving average with unusual volume, while whale accumulation patterns mirror early 2023’s pre-pump behavior. But let’s not pop champagne yet—this is crypto, where ’technical analysis’ often means drawing lines until they fit your bias.

If momentum holds, targets cluster around the $1.20 zone last seen before the SEC’s lawsuit circus. Though as any seasoned bagholder knows, in a market where ’fundamentals’ mean which billionaire tweeted a meme today, price action remains glorified gambling with extra steps.

XRP Price Eyes More Gains

XRP price remained supported above the $2.120 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.150 and $2.220 levels.

The bulls pushed the price above the $2.250 resistance zone to set the pace for more gains. Finally, it tested the $2.330 zone. A high was formed at $2.330 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward MOVE from the $2.106 swing low to the $2.330 high.

The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a steep bullish trend line forming with support at $2.30 on the hourly chart of the XRP/USD pair.

XRP Price

On the upside, the price might face resistance NEAR the $2.330 level. The first major resistance is near the $2.350 level. The next resistance is $2.420. A clear move above the $2.420 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.6350 in the near term. The next major hurdle for the bulls might be $2.750.

Another Decline?

If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.220 level.

If there is a downside break and a close below the $2.220 level, the price might continue to decline toward the $2.150 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 bullish zone.

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

Major Support Levels – $2.300 and $2.250.

Major Resistance Levels – $2.330 and $2.350.

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