XRP Teeters on the Edge—Will the Floor Drop Out?

Ripple’s embattled token flirts with danger as buyers fail to hold the line. Another day, another crypto clinging to hope—while traders sweat over their leveraged positions.

Key pressure points:

- Liquidity drying up like a Wall Streeter’s empathy

- Bears testing critical support levels with gleeful aggression

- Whales playing chicken with stop-loss orders

This isn’t your 2017 bull market anymore. Either the cavalry arrives soon, or we’re looking at another ’educational experience’ for HODLers. Place your bets—the house always wins.

XRP Price Faces Hurdles

XRP price found support at $2.2670 and recently started a recovery wave, following Bitcoin and Ethereum. There was a move above the $2.320 and $2.350 resistance levels,

There was a MOVE above the 23.6% Fib retracement level of the downward wave from the $2.4768 swing high to the $2.2670 low. Besides, there was a break above a connecting bearish trend line with resistance at $2.305 on the hourly chart of the XRP/USD pair.

However, the bears were active NEAR the $2.360 level. The price is now trading below $2.3350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.340 level.

The first major resistance is near the $2.360 level. The next resistance is $2.3720. It is near the 50% Fib retracement level of the downward wave from the $2.4768 swing high to the $2.2670 low. A clear move above the $2.370 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50.

Another Decline?

If XRP fails to clear the $2.360 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.260 level.

If there is a downside break and a close below the $2.260 level, the price might continue to decline toward the $2.2320 support. The next major support sits near the $2.20 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 – $2.260 and $2.2320.

Major Resistance Levels – $2.340 and $2.3720.