XRP’s price has been under pressure lately, with the token stuck in a bearish trend. The price recently broke below an important support zone, and while it found temporary support between $2.10 and $2.20, the overall momentum remains weak.
In the short term, XRP is attempting a small bounce from this support area. If the price manages to climb, it will first face resistance around $2.30 to $2.34. A stronger resistance level sits higher at $2.44, with major resistance between $2.55 and $2.62. But so far, no clear signs of a strong recovery have appeared on the charts.
There’s also a risk of a head and shoulders pattern forming, a classic bearish signal that could push the price lower if it completes. For now, this pattern hasn’t been confirmed yet, but traders should watch for it over the next few days.
Looking at the downside, if XRP fails to hold above $2.10, the next support would be near $2.05, and then at $2.00. A decisive drop below $2.00 could send the price tumbling towards $1.80, a crucial support level.
The overall market mood is still cautious. While XRP is showing short-term signs of trying to stabilize, the trend remains bearish unless it can break above the $2.21 to $2.28 resistance zone. If that happens, it would be the first hint that bulls are attempting a comeback.
Yes, XRP remains a promising 2025 investment due to strong fundamentals, stablecoin use, and potential ETF listings.
XRP could reach up to $5.81 in 2025, supported by institutional demand and Ripple’s growing global adoption.
By 2030, XRP is forecasted to trade between $17.00 and $26.50, depending on market trends and adoption rates.
Ripple has made a bold move to strengthen its position in the crypto world, and…
Ripple may have quietly stopped its monthly XRP escrow releases, at least for now. For…
Story Highlights The Ethereum price today is . ETH price with a potential surge could…
The PENGU price is showing strong bullish signs, with recent gains supported by technical setups…
Publicly traded SharpLink Gaming successfully raised $200 million in a private placement led by four…
YF Link is a fork of the popular yearn.finance (YFI) which combines Chainlink’s “LINK” token…