After failing to breach the crucial resistance level around $2.48, XRP suffered a serious setback. After strong performance in late 2024, the asset was trying to consolidate its bullish momentum when this rejection occurred. Concerns regarding XRP's short-term trajectory are raised by its inability to overcome this resistance, which also highlights a number of important price levels.

XRP's upward trajectory was stopped by a strong barrier at $2.48. This level has historically been important, acting as support and resistance in earlier cycles. Because of the pullback caused by the rejection, XRP is now trading close to $2.33. The unsuccessful breakout suggests declining bullish strength, which could be brought on by either a lack of volume or general market hesitancy.

XRP/USDT Chart by TradingView

Support at $2.20 is to keep an eye on right now. Further bearish pressure may be indicated by a decline below $2.20, and XRP may revisit the 50 EMA close to $2.07. It is essential to hold this level in order to keep a neutral to bullish outlook. XRP may test the $1.57 mark, which corresponds to the 100 EMA, if the selling pressure increases.

HOT Stories Ripple USD (RLUSD) Surges 2,000% in Key Metric Massive 2,133% SHIB Burn Jump Followed by Surprising 10% SHIB Rise Ripple CEO's 2025 Crypto Prediction: What to Expect MSTR Targets $2 Billion Capital Raise to Buy Bitcoin in Q1, 2025: Michael Saylor

Related
Sun, 01/05/2025 - 10:18 SHIB Price Prediction for January 5
Denys Serhiichuk

Long-term investors should pay close attention to this level because it has historically offered strong support during downtrends. Resistance at $2.48 continues to be crucial for an upward move. The next significant milestone for XRP is the $2.75-$3.00 range, and a successful breakout here could rekindle bullish momentum.

With higher volume, XRP may regain upward momentum and aim for the $2.75 target if it can hold above $2.20 and retest $2.48. A deeper correction might result from a break below $2.20, with $1.57 emerging as the crucial support zone.

The current price movement of XRP points to caution. To predict the next move, investors should keep a careful eye on volume dynamics and general market trends. The next few days will be crucial in determining whether XRP can bounce back or if a protracted correction is in store.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。