- Ripple faces strong resistance at $2.80, keeping XRP trapped in a narrow trading range.
- Ripple could spark a bullish rally if XRP breaks above the $2.80 resistance level.
Ripple XRP is struggling to break free from a narrow price range. It trades at $2.50, down over 2% amid a broader market downturn. Bitcoin has also dipped below $96,000, contributing to the negative sentiment. XRP faces strong resistance between $2.65 and $2.80, with repeated rejections blocking upward moves. Despite this, bears haven’t taken full control, leaving the market direction unclear.
Support Levels Hold Firm
XRP bounces between key support and resistance zones. Analyst Josh of Crypto World highlights initial support at $2.50, with stronger backing between $2.25 and $2.30. Bulls have tried to push the price higher but keep stalling at resistance. Meanwhile, bears lack the momentum to break below support. This tug-of-war keeps XRP trapped in sideways action.
Ripple Next Move: Breakout or More Stagnation?
A decisive breakout above $2.80 could spark a bullish rally. If Ripple closes a daily candle above this level, the price might surge towards $3. Yet, expect fresh resistance near the $3 mark, which could stall further gains. Without a clear breakout, XRP’s price will likely hover within the current range.
Short-Term Outlook: Boring but Watchful
Short-term traders may find XRP’s price movement uneventful. The sideways trend could continue until a breakout or breakdown occurs. Patience is key. Watch the $2.80 resistance and $2.25 support levels closely. A move beyond these zones could set the tone for XRP’s next big move.
