Ripple’s XRP continues to trade in a volatile range as bearish momentum keeps the token under pressure. After sliding below key support levels, XRP is attempting a mild recovery, but traders remain cautious as the $2.30 resistance zone looms large.
XRP Struggles Below $2.30
XRP price has been facing strong headwinds since failing to hold above the $2.50 mark. The token extended its losses, mirroring broader weakness in Bitcoin and Ethereum. Sellers pushed the price below $2.35 and $2.30, intensifying bearish sentiment in the short term.
Data from Kraken shows XRP trading below $2.25 and under its 100-hourly Simple Moving Average, signaling continued downside risk. A recent decline took the token to a low of $2.066 before stabilizing slightly. While a small rebound has emerged, technical indicators show that bearish control remains intact.
Key Technical Levels and Resistance Zones
On the hourly chart, a bearish trend line has formed, with resistance near $2.25. This level has acted as a short-term ceiling, preventing XRP from regaining upward momentum.
If buyers manage to push the price above this trend line, the first major resistance will appear at $2.30. A successful breakout could open the doors to the next target near $2.36 — the 61.8% Fibonacci retracement level of the recent decline from $2.552 to $2.066.
Above $2.36, XRP could face additional resistance near $2.42 and $2.45. A strong close beyond these zones may encourage further bullish momentum, potentially retesting the $2.50 mark — a key psychological and technical barrier.
Current Market Structure
The short-term market structure remains weak, with XRP continuing to trade below critical moving averages. However, the token’s ability to hold above $2.10 suggests some buying interest is still present.
According to market analysts, XRP’s recent behavior reflects traders’ hesitation amid broader crypto uncertainty. Many are closely monitoring Bitcoin’s movement around its support zone, as any recovery there could lift sentiment across major altcoins, including XRP.
Potential Recovery Scenarios
A rebound could strengthen if XRP manages to reclaim $2.30 with convincing volume. In that case, buyers may target the $2.36 and $2.42 zones, where short-term traders might look to take profits.
If momentum builds further, the next resistance lies at $2.45, followed by the $2.50 level. Beyond that, a bullish breakout could set the stage for a move toward $2.60 in the coming sessions.
Technical indicators, however, remain mixed. The Relative Strength Index (RSI) is hovering in the neutral zone, suggesting a balance between buyers and sellers. For XRP to confirm a sustained recovery, a breakout above $2.30 with strong trading volume will be essential.
Risk of Another Decline
Despite signs of stability, the downside risk for XRP remains significant. If the price fails to clear the $2.30 barrier, renewed selling pressure could drag it lower.
Immediate support lies near $2.18, followed by a stronger support area around $2.15. A decisive move below $2.15 could lead to a retest of the recent low at $2.05.
Further weakness may expose the $2.00 level, and if selling intensifies, XRP could slide toward $1.85 — a key demand zone that previously served as a rebound area in early October.
Broader Market Context
The current pullback in XRP aligns with a broader cooling in the crypto market. Bitcoin and Ethereum have both struggled to sustain upward momentum following recent macroeconomic uncertainty and reduced trading volumes.
While institutional interest in XRP remains steady due to Ripple’s ongoing developments in the blockchain payments sector, traders remain cautious in the short term. Analysts note that XRP’s correlation with Bitcoin continues to dictate near-term price action.
If Bitcoin stabilizes above key support, it could help XRP rebound from its current levels. Conversely, any renewed weakness in BTC could push XRP back into bearish territory.
Outlook: Eyes on $2.30 for the Next Move
For now, XRP traders are closely watching the $2.30 resistance level as a potential pivot point. A clean break above it could mark the start of a short-term recovery, while rejection from this zone may confirm continued bearish momentum.
In summary, XRP’s immediate support sits at $2.15 and $2.05, while resistance levels are seen at $2.30, $2.36, and $2.45. The next few sessions will be critical in determining whether XRP can regain bullish traction or face deeper correction toward the $2 mark.
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