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XRP Smashes Through Key Resistance — Is This the Start of a Major Rally?

XRP Smashes Through Key Resistance — Is This the Start of a Major Rally?

Newsbtc
Author:
Newsbtc
Release Time:
2025-06-24 04:08:28
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XRP just punched through a critical resistance level—and the charts are flashing bullish. Traders are now eyeing the next price targets as momentum builds.

Breaking the ceiling: Why this resistance flip matters

The digital asset finally cleared a stubborn barrier that's capped gains for weeks. Technical analysts see this as confirmation of a trend reversal, with on-chain data showing accumulation by whales.

Liquidity zones ahead: Where the real test begins

While the breakout looks promising, XRP now faces a cluster of historical liquidation zones. Market makers love to hunt stops at these levels—because apparently, finance is just a sophisticated game of predator vs. prey.

FOMO brewing? Retail traders late to the party

Search volume for "XRP price prediction" just spiked 300% as the move gained traction. Because nothing says "sound investment strategy" like chasing green candles after a 20% pump.

The bottom line: This could be the start of something bigger—or another classic crypto fakeout. Either way, buckle up.

XRP Price Eyes More Gains

XRP price remained supported above the $1.920 zone and started a fresh increase, like Bitcoin and Ethereum. The price recovered above the $2.00 and $2.020 resistance levels.

Besides, there was a break above a key bearish trend line with resistance at $2.00 on the hourly chart of the XRP/USD pair. The pair even cleared the $2.10 resistance and $2.150 hurdle. However, the bears were active below $2.20.

A high was formed at $2.170 and the price is now consolidating above the 23.6% Fib retracement level of the upward MOVE from the $1.910 swing low to the $2.170 high.

The price is now trading above $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance NEAR the $2.1650 level. The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance.

XRP Price

Any more gains might send the price toward the $2.300 resistance or even $2.320 in the near term. The next major hurdle for the bulls might be $2.50.

Another Drop?

If XRP fails to clear the $2.180 resistance zone, it could start another decline. Initial support on the downside is near the $2.0880 level. The next major support is near the $2.050 level or the 50% Fib retracement level of the upward move from the $1.910 swing low to the $2.170 high.

If there is a downside break and a close below the $2.050 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.920 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 above the 50 level.

Major Support Levels – $2.050 and $2.00.

Major Resistance Levels – $2.180 and $2.20.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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