XRP is currently trading around $2.273** (July 3 session), retracing slightly after an earlier attempt to breach the **$2.30 level. Despite intraday pullbacks, the asset maintains its position above the recent breakout zone, backed by a bullish EMA alignment on lower timeframes.
Key Takeaways
- Resistance Test: XRP faces rejection near $2.30, a critical resistance level.
- Momentum Shift: RSI and MACD indicators show neutrality, signaling potential consolidation.
- Bullish Confirmation: A daily close above $2.38 is needed to validate a broader uptrend.
The rally shows signs of fatigue unless buyers regain control with strong volume above current resistance levels.
Technical Analysis: Resistance and Support
1. Resistance Cluster Limits Upside
On the 4-hour chart, XRP encountered firm resistance above $2.30, failing to close above the upper Bollinger Band. This zone aligns with:
- A descending trendline from April highs.
- Previous supply levels.
Support Levels:
- EMA Cluster: $2.18–$2.22 (20, 50, 100, 200-EMAs).
- Psychological Support: $2.10–$2.15.
2. Momentum Indicators Signal Caution
- RSI: Dropped to 50.79 (from 67), indicating weakening bullish momentum.
- MACD: Positive but flattening, suggesting potential consolidation.
- Supertrend: Remains bullish (green).
- DMI: +DI leads –DI, but ADX near 30 hints at trend exhaustion.
A decisive break above $2.38** could target **$2.58–$2.65**, while a drop below **$2.22 may retest $2.10–$2.15.
FAQs
Q1: What’s the next critical level for XRP?
A: $2.38–$2.40 (descending trendline intersection). A close above this zone confirms a bullish reversal.
Q2: Why did XRP fail to hold $2.30?
A: The resistance cluster (trendline + prior supply) and fading momentum led to rejection.
Q3: Is the current uptrend sustainable?
A: Only if bulls reclaim $2.30+ with strong volume. Otherwise, short-term consolidation is likely.
Final Thoughts
XRP’s near-term trajectory hinges on overcoming $2.30–$2.38. While the structure remains constructive, traders should watch for confirmation signals.
👉 Stay updated on XRP’s breakout potential for real-time insights.
Disclaimer: This analysis is for informational purposes only and not investment advice.