XRP Teeters on Edge of Breakout—Will It Slash Through Resistance or Face Another Rejection?

XRP bulls hold their breath as the token flirts with a critical resistance level. A clean breakout could ignite the next leg up—but failure here might send traders scrambling for exits.

Market watchers note the eerie silence from Ripple Labs’ legal team—has the SEC fatigue finally tipped sentiment, or is this just another dead-cat bounce in crypto’s theater of volatility?

One thing’s certain: if XRP dumps here, the ’this time it’s different’ crowd will blame macro conditions while quietly liquidating their bags. Classic crypto.

XRP Price Eyes More Gains

XRP price remained supported above the $2.220 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.250 and $2.320 levels.

The bulls pushed the price above the $2.350 resistance zone to set the pace for more gains. Finally, it tested the $2.475 zone. A high was formed at $2.4752 before there was a pullback. The price dipped below $2.40 and tested $2.330.  It is again rising with a MOVE above the 23.6% Fib retracement level of the downward move from the $2.4752 swing high to the $2.3310 low.

The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.3650 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance NEAR the $2.40 level and the 50% Fib retracement level of the downward move from the $2.4752 swing high to the $2.3310 low. The first major resistance is near the $2.420 level. The next resistance is $2.480.

A clear move above the $2.450 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 $2.420 resistance zone, it could start another decline. Initial support on the downside is near the $2.3650 level. The next major support is near the $2.320 level.

If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.250 support. The next major support sits near the $2.220 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 – $2.3650 and $2.320.

Major Resistance Levels – $2.420 and $2.480.