XRP Price Surges Then Crashes — Will Bulls Charge Back or Get Trampled?

XRP's latest rollercoaster ride leaves traders gripping their seats—another pump-and-dump or the calm before a bull storm?

Volatility Strikes Again

The token spiked 12% in 24 hours, only to shed half those gains moments later. Classic crypto whiplash—where 'hodl' becomes a mantra of desperation.

Battle Lines Drawn

Key resistance at $0.58 held firm, while bulls scramble to defend the $0.51 support level. Break either side, and we're either mooning or doomscrolling.

Institutional Whisper Game

Ripple's ongoing SEC saga still casts shadows, but ODL corridors show steady usage. Because nothing says 'adoption' like moving money to avoid… moving money.

Last Call for Optimists

Futures open interest suggests leveraged gamblers haven't quit—yet. Will this end in a squeeze up or a margin call massacre? Place your bets.

XRP Price Fails To Retains Gains

XRP price started a fresh increase after it settled above the $2.250 level, beating Bitcoin and Ethereum. The price was able to climb above the $2.2850 resistance level.

The bulls were able to push the price above the $2.30 level. However, the bears remained active NEAR the $2.350 zone. The price faced rejection and started a fresh decline. It declined below the 50% Fib retracement level of the upward move from the $2.205 swing low to the $2.353 high.

Besides, there was a break below a bullish trend line with support at $2.2650 on the hourly chart of the XRP/USD pair. The price is now trading above $2.250 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $2.280 level. The first major resistance is near the $2.2880 level. A clear move above the $2.2880 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 $2.40.

More Losses?

If XRP fails to clear the $2.2880 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.240 level and the 76.4% Fib retracement level of the upward move from the $2.205 swing low to the $2.353 high.

If there is a downside break and a close below the $2.240 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 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 – $2.250 and $2.240.

Major Resistance Levels – $2.2880 and $2.320.