XRP Stumbles Below $2.20—Can Bulls Force a Breakout to $2.30?

XRP’s price takes a hit, dipping under $2.20 as traders watch for signs of a rebound. The next target? A decisive push past $2.30.

Market sentiment remains cautiously optimistic—or as optimistic as crypto traders get between coffee spills and margin calls. Will this be the breakout, or just another fakeout in the endless casino of altcoin season?

• XRP dropped below $2.20 after reaching $2.299, trading at $2.19636.
• A breakout above $2.30 could send XRP towards $2.350, $2.450, and $2.50.
• Active addresses rose 67.5%, indicative of growing retail interest and possible long-term confidence.

XRP’s price surged past key resistance levels at $2.10 and $2.120, mirroring bullish moves by Bitcoin and Ethereum. The price drops below $2.20 after peaking at $2.299. The correction continued as the price slipped beneath the 23.6% Fib retracement level from the $2.060 low to the $2.299 high. 

A break below the bullish trend line at $2.220 on the hourly chart signaled weakening momentum. Despite this, Ripple remains above $2.20 and the 100-hourly Simple Moving Average, indicating some support still holds.

What’s Next for XRP: Rebound or Further Slide?

XRP is currently trading at $2.19636, down 1.02% over the last three hours. Analysts are looking at immediate support at $2.19593 and resistance at $2.22438. In case the bulls take over, a breakout above $2.30 would push XRP towards $2.350, $2.450, and then $2.50. The bulls are looking at $2.620 as the next target.

Retail interest surged ahead of the Ripple futures launch on Coinbase, marked by a 67.5% spike in active addresses. This enthusiasm could pave the way for a spot ETF, further legitimizing Ripple and enhancing institutional access. The increase in network activity reflects rising engagement and possible long-term investor confidence.

Technical indicators show that XRP may face immediate resistance at $2.220 and stronger resistance NEAR $2.24. Clearing $2.30 could enable further gains. However, if bulls fail to overcome $2.22, Ripple may drop toward $2.180 and even $2.150. A further slide might see support at $2.12 tested.

Potential Breakout: Key Resistance at $2.30

Analyst Ali Martinez observed an inverse head and shoulders pattern forming on XRP’s 1-hour chart since March 29. He forecasts that a breakout above the neckline resistance at $2.30 could lead Ripple to rally toward $2.70, with further targets at $3.00, $3.45, and even $3.60 if bullish momentum persists.

Glassnode data confirms increasing Ripple network activity, with active addresses jumping from 27,352 to 40,366 in one day. Meanwhile, XRP-based investment products recently outperformed those tied to Bitcoin and Ethereum, signaling a shift in investor preference despite broader market uncertainty.

On the daily chart, Ripple is trading near the upper Bollinger Band, suggesting continued bullish momentum. A break above $2.27 may trigger another rally, while a drop below the mid-band near $2.07 could indicate weakness. The RSI at 56.59 shows positive momentum without overbought conditions, supporting further upside potential.

Read More: Institutional money flows into XRP, price rises to $2.22 with 47% volume surge