XRP Price Prediction: XRP Coils Below $2.34 as Breakout Tension Builds
XRP is trading at $2.25, down 0.15% in the last 24 hours, with daily volume above $5.3 billion. The token holds the #4 market cap...
Quick overview
- XRP is currently trading at $2.25, with a slight decline of 0.15% over the past 24 hours and a daily trading volume exceeding $5.3 billion.
- The token is struggling to break through resistance levels between $2.34 and $2.49, indicating a loss of momentum.
- Key support levels to watch are $2.21, $2.14, and $2.01, while resistance levels are at $2.34, $2.49, and $2.67.
- Traders are advised to wait for a breakout, as the current consolidation phase suggests that a significant price movement is imminent.
XRP is trading at $2.25, down 0.15% in the last 24 hours, with daily volume above $5.3 billion. The token holds the #4 market cap ranking, supported by a circulating supply of 60.17 billion XRP.
A Market Losing Momentum
XRP has been unable to build on recent gains after repeatedly failing to break above the $2.34–$2.49 zone, a region capped by the descending trendline that has controlled price action since early October. The latest candles tell the story clearly: small bodies, long upper wicks, and fading momentum each time bulls attempt to lift the market.
XRP remains trapped beneath the 20-EMA on the 4-hour chart, confirming weak short-term sentiment. The longer-term 200-EMA sits near $2.49, acting as heavy overhead resistance. The RSI at 40–43 continues to lean bearish, with no bullish divergence — meaning buyers are cautious and unwilling to commit.
Markets entering this kind of symmetrical compression rarely stay quiet. XRP has been printing higher lows from October’s bottom, but lower highs from $2.83 — a tightening apex where volatility usually returns sharply.
XRP/USD Key Levels Traders Are Watching
- Resistance: $2.34, $2.49, $2.67
- Support: $2.21, $2.14, $2.01
A break of $2.21 would confirm bearish continuation, exposing liquidity near $2.14 and $2.01. A clean bullish signal requires a strong break above $2.34, ideally supported by a bullish engulfing candle and an RSI push back above 50.
XRP/USD Trade Setup: Wait for the Break
Don’t trade the middle of the triangle, trade the breakout.
Bullish Scenario
A breakout above $2.34 opens the door to $2.49, and if momentum holds, $2.67 becomes the next objective. Traders should look for a decisive close above the trendline with expanding volume.
Bearish Scenario
A close below $2.21 signals sellers are taking control. The next target lies at $2.14, followed by a larger retracement toward $2.01.
Bottom Line
XRP is approaching a crucial turning point. The consolidation is getting tighter, and the next breakout — up or down — is likely to be fast and decisive. Traders should stay alert. When XRP leaves this structure, the move won’t be subtle.
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