XRP Price Attempts a Rebound—But These Key Barriers Could Stall the Rally
XRP bulls are licking their wounds after a brutal sell-off—but don’t pop the champagne yet.
The Resistance Gauntlet
Every dead-cat bounce meets its match. For XRP, that’s a minefield of overhead supply zones where bagholders have been waiting months—maybe years—to break even. Technicals scream ‘oversold,’ but since when did crypto care about textbook signals?
Liquidity Games
Market makers love nothing more than trapping retail in false breakouts. Watch for liquidity grabs below recent lows before any meaningful reversal. Pro tip: When CEX orderbooks thin out, it’s not a ‘quiet before the storm’—it’s whales reloading shorts.
The Regulatory Hangover
SEC lawsuits might be old news, but the stench lingers. Institutional money still treats XRP like a radioactive asset—thanks, Gary Gensler, for the trust issues. Meanwhile, Ripple’s ODL corridors hum along quietly, because nothing says ‘adoption’ like bypassing legacy banking rails.
Bottom Line
Until XRP flips $0.55 into support, this is just another bull trap in a market addicted to hopium. But hey—at least it’s not a stablecoin pegged to bank bailouts.
XRP Price Eyes Recovery
XRP price declined below the $2.250 and $2.20 levels, like Bitcoin and Ethereum. The price even declined below the $2.120 zone and tested the $2.080 support.
A low was formed at $2.085 and the price is now attempting to recover. There was a move above the $2.10 and $2.120 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.338 swing high to the $2.085 low.
Besides, there is a short-term rising channel forming with support at $2.140 on the hourly chart of the XRP/USD pair. The price is now trading above $2.150 and the 100-hourly Simple Moving Average.
On the upside, the price might face resistance NEAR the $2.20 level. The first major resistance is near the $2.2120 level. It is close to the 50% Fib retracement level of the downward move from the $2.338 swing high to the $2.085 low.
The next resistance is $2.250. A clear move above the $2.250 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance or even $2.3650 in the near term. The next major hurdle for the bulls might be $2.420.
Another Decline?
If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.140 level and the trend line. The next major support is near the $2.120 level.
If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.020 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 – $2.150 and $2.120.
Major Resistance Levels – $2.20 and $2.2120.