XRP Pauses After Rally—Is This the Calm Before the Next Storm?
XRP''s price action stalls—traders debate whether this is healthy consolidation or a warning sign.
Bulls see a coiled spring: The token''s tight trading range could signal another leg up if key resistance breaks.
Meanwhile, skeptics whisper about ''dead cat bounce''—because in crypto, even the most ardent believers keep one hand on the sell button.
XRP Price Consolidates Gains
XRP price formed a base and started a fresh increase from the $2.10 zone, like Bitcoin and Ethereum. There was a move above the $2.150 and $2.20 resistance levels.
The bulls even pushed the price above the $2.25 level. Finally, the price tested the $2.320 resistance. A high was formed at $2.3294 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high.
The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2.2750 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance NEAR the $2.30 level. The first major resistance is near the $2.320 level. The next resistance is $2.350. A clear move above the $2.350 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.
Downside Break?
If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.2750 level and the trend line. The next major support is near the $2.250 level and the 76.4% Fib retracement level of the upward move from the $2.2250 swing low to the $2.3294 high.
If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.2750 and $2.250.
Major Resistance Levels – $2.30 and $2.320.
