XRP Bulls Struggle To Break Key Resistance At $2.2546: What’s Next?

NewsBTC
Updated
Mitrade
coverImg
Source: DepositPhotos

XRP bulls are making a strong push, but the $2.2546 resistance level is proving to be a tough barrier. After a steady upward climb, buying momentum has weakened as sellers step in to defend this key level. A successful breakout could signal a continuation of the uptrend, driving XRP toward new highs and reinforcing positive sentiment in the market.


However, if buyers fail to overcome this hurdle, XRP may face a pullback, with traders eyeing lower support levels for stability. Market participants are closely monitoring whether the bullish momentum is strong enough to push past the resistance or if selling pressure will force a temporary retreat.


Market Sentiment And XRP’s Resistance Struggle


Market sentiment remains a key factor in XRP’s ongoing battle against the $2.2546 resistance level. While bulls try to drive the price higher, the lack of strong follow-through suggests lingering uncertainty among traders. The resistance level has become a critical test, with buyers needing to sustain momentum to confirm a breakout.


Broader market conditions, including Bitcoin’s movement and overall investor confidence, are influencing XRP’s price action. A surge in trading volume and renewed buying pressure could provide the necessary strength for a breakout. However, if sellers continue to defend this level, XRP may struggle to gain further ground, leading to potential profit-taking and a short-term pullback.


XRP


Furthermore, after crossing above the 50% mark, the RSI is now dipping below it, creating uncertainty among traders. This shift reflects a tug-of-war between buyers and sellers, leaving XRP in a state of market indecision. Without a clear directional push, price movement could remain volatile as traders await stronger signals for the next move.


For the bulls to regain control, market sentiment must shift decisively in their favor, with technical indicators aligning to support an upward push. Until then, XRP remains at a crossroads, with both breakout and rejection scenarios still in play.


Breakout Potential: What Needs To Happen?


For XRP to break above the $2.2546 resistance level, bulls must generate strong momentum backed by increasing buying pressure. A sustained push beyond this critical level, confirmed by a decisive daily close, might set the stage for further gains.  Its ability to stabilize above $2.2546  may attract more traders looking to ride the breakout, potentially driving the price toward higher targets such as $2.6482 and $2.9272.


Also, XRP’s price must break above the 100-day SMA, and the RSI needs to rise above the 60% threshold. Breaking above these levels could pave the way for more growth, while failure to do so may leave XRP vulnerable to consolidation or a pullback.


XRP

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
XRP Price Builds Base—Short-Term Rally May Be BrewingXRP price started a fresh recovery wave above the $2.120 zone. The price is now consolidating and might clear the $2.350 resistance zone. XRP price started a fresh recovery wave above the $2.120
Author  NewsBTC
6 hours ago
XRP price started a fresh recovery wave above the $2.120 zone. The price is now consolidating and might clear the $2.350 resistance zone. XRP price started a fresh recovery wave above the $2.120
placeholder
XRP fails to surpass a key resistance level as Ripple secures first Dubai license Ripple revealed that it has received licensing from Dubai's Financial Services Authority.
Author  FXStreet
10 hours ago
Ripple revealed that it has received licensing from Dubai's Financial Services Authority.
placeholder
Dogecoin Price Closes Daily Candle With Lower Wick, Why Another Crash Could Be ComingDogecoin’s price action has been under intense pressure after another support level at $0.175 failed to hold, leading to a decline toward a crucial zone. The latest daily candle closed with a lower wick after a rebound from the $0.143 level, but technical analysis of the Dogecoin price warns that there may still be more […]
Author  NewsBTC
11 hours ago
Dogecoin’s price action has been under intense pressure after another support level at $0.175 failed to hold, leading to a decline toward a crucial zone. The latest daily candle closed with a lower wick after a rebound from the $0.143 level, but technical analysis of the Dogecoin price warns that there may still be more […]
placeholder
Ethereum Price Forecast: Staking could be catalyst to drive ETH's price 'more than Pectra upgrade': K33 ResearchEthereum (ETH) traded around $1,860 in the Asian session on Thursday as its price remained largely subdued by bearish sentiment weighing on the general crypto market.
Author  FXStreet
Yesterday 08: 03
Ethereum (ETH) traded around $1,860 in the Asian session on Thursday as its price remained largely subdued by bearish sentiment weighing on the general crypto market.
placeholder
XRP Bulls Ready to Charge—Upside Break May Spark RallyXRP price started a fresh recovery wave above the $2.00 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh recovery wave above the
Author  NewsBTC
Yesterday 05: 38
XRP price started a fresh recovery wave above the $2.00 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh recovery wave above the
Real-time Quote