
XRP Battles Short Sellers Amid Market Uncertainty—Will a Reversal Happen?
XRP is struggling to gain momentum as it trades in a narrow range, currently hovering around $2.2 after facing strong selling pressure. The cryptocurrency has been unable to break past the $3 mark for nearly a month, signaling that it remains in a correction phase. Despite attempts by short-term holders to sell off their positions following the recent market crash, whale investors have been actively accumulating XRP, preventing a steeper decline. However, overall buying pressure remains weak, and trading volume is declining—suggesting that uncertainty is still driving the market. Key Technical Levels to Watch On the hourly chart, XRP has struggled to test the $2.45 resistance, and no significant higher highs have formed, reinforcing bearish sentiment. For a reversal to gain traction, XRP needs to break above $2.25 with strong volume and sustain momentum toward $2.6–$2.8. Meanwhile, on the daily chart, XRP’s pattern of lower highs and lower lows suggests that a long-term bearish structure is still intact. If the SEC lawsuit against Ripple is dropped or sees a favorable outcome, the token could stage a strong rally, potentially reclaiming the $3.5 resistance level. Market Outlook: Will XRP Recover? For XRP to recover bullish momentum, it must establish a higher low above $2.2 and break through key resistance levels. However, if bearish sentiment persists and XRP fails to hold above $2.1, the next major support at $1.8 could be tested. With regulatory uncertainty still playing a major role in XRP’s price action, traders should watch volume trends and key resistance levels before making any significant moves.