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
- Short-term support: $2.2
- Resistance levels: $2.45, $2.6, and $3.5
- Bearish breakdown level: A fall below $2.1 could push XRP toward $1.8
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.
