XRP News: Struggling to Break $2.50 Resistance, Speculative Demand Fades

XRP Struggles to Clear $2.50 Resistance

XRP price remains stuck below $2.50 resistance, with support now eyed around $2.35–$2.00. The recent rally attempt was halted just below the crucial $2.50 resistance zone. Open Interest in XRP Futures has declined from $5.8B to $2.8B, indicating fading speculative demand. The XRP chart showed the asset hovering around $2.37 after being rejected NEAR the $2.50 mark for the third time in two weeks. Despite testing higher levels, bulls have been unable to gain a firm foothold above $2.50, hinting at mounting bearish pressure.

XRP Price Slides Slowly—Is a Bigger Drop Coming?

XRP price started a fresh decline below the $2.420 zone and failed to clear this resistance. The price is now trading below $2.40 and the 100-hourly Simple Moving Average, showing bearish signs. A connecting bearish trend line is forming with resistance at $2.35 on the hourly chart. If the pair breaks the $2.30 support zone, it might extend losses. The price declined below $2.35 and tested the $2.30 zone, forming a low at $2.301 before consolidating losses.

Ripple Strikes Major Deal With African Payments Giant

Ripple Labs has announced a new partnership with the prominent fintech company Chipper Cash to streamline cross-border payments on the African continent. The agreement involves the integration of Ripple’s crypto-enabled payments technology into Chipper Cash’s platform, a collaboration that both parties believe will enhance the speed, cost-efficiency, and reliability of transactions within and into Africa. According to the press release, Chipper Cash will utilize Ripple Payments, leveraging digital assets to offer users round-the-clock access to incoming funds at a lower cost than current legacy options. Consumers across Chipper Cash’s footprint, spanning nine countries in Africa, are expected to benefit from significantly reduced transaction costs and faster processing times.

Crypto Trader Predicts $10 for XRP in 2025, Eyes BTC Bull Token Potential

A popular trader remains bullish on XRP, expecting a surge to $10 in 2025 despite the token’s current stagnant price action. Currently priced at $2.33, XRP has been struggling to break above the $2.50 resistance level. Meanwhile, traders are also keeping an eye on BTC Bull Token (BTCBULL), which they claim could pump post-launch.