Ripple’s XRP token is facing renewed selling pressure as it grapples with a major resistance zone near $2.26, with bulls and bears locked in a tug-of-war over short-term price direction. Despite recent gains and improved sentiment in the broader crypto market, XRP’s upside momentum has stalled—raising questions about whether the asset can push higher or faces another correction.
XRP Price Action: Key Levels to Watch
As of today, XRP is trading just below the $2.26 mark, which has emerged as a psychological and technical barrier. The token had seen a strong rebound from sub-$2 levels in late May, fueled by broader crypto optimism and renewed interest in Ripple’s legal position with the SEC. However, that rally is now meeting headwinds.
Key technical factors include:
- Resistance at $2.26: This level has acted as a ceiling multiple times in recent trading sessions, prompting increased selling volume each time it’s tested.
- Support at $2.10–$2.15: Bulls are trying to defend this zone as a base. A failure here could invite deeper losses.
- RSI and Momentum: The Relative Strength Index is showing signs of cooling after entering overbought territory, suggesting the recent rally may be due for consolidation.
Market Sentiment: Mixed Signals
Analyst sentiment is currently divided:
- Bullish case: Optimists argue that sustained accumulation and decreasing exchange reserves point to an imminent breakout. If XRP convincingly breaks above $2.30, it could target the $2.60–$2.80 range.
- Bearish case: Skeptics note that XRP has failed to maintain upward momentum during broader altcoin rallies, and ongoing regulatory uncertainties may continue to cap gains.
Ripple vs. SEC: Underlying Pressure Remains
While XRP has benefited from growing speculation around a spot ETF approval and bullish forecasts tied to its utility in cross-border payments, ongoing legal battles with the SEC continue to cloud investor confidence. Any developments in the case could trigger major volatility in the short term.
Outlook: Bullish Breakout or Bearish Reversal?
If bulls manage to reclaim control and drive XRP above $2.30 with strong volume, analysts believe a breakout rally toward $2.80 could follow. However, failure to do so may result in a near-term pullback to the $2.00 level—or lower—before a fresh leg up can resume.
For now, all eyes remain on how XRP behaves around this key resistance. Traders are advised to watch for decisive volume spikes and trend confirmations before placing directional bets.
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