Cryptocurrency

XRP price bounces up with major resistance if supported

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Latest price action over the past 24 hours brings bullish momentum back to crypto markets, XRP It also develops on this momentum. XRP Price After struggling to find directions in the first few days of May Return to test now The $2.25 mark, this resistance has remained unchanged since January and began to define the broader macro structure of XRP.

The latest price action is From the sharp rebound in the $2.08 zone, And recoupling the ensuing resistor for $2.25 can open the door to higher goals.

$2.25 resistor defines the war zone

Despite the rally, technical analysis shows that XRP can fight with $2.25 resistance, or even if a breakthrough occurs, reverse to retest this level. Price changes are becoming increasingly reactive and potential breakthroughs or collapses may occur depending on the solution at that level.

According to technical analysis Share X on social media platforms, The $2.25 level is important for XRP, given that the price has now tested this resistance level several times since the beginning of 2025. During analysis, XRP prices showed hesitation at the breakpoint of the hourly candlestick period, while Intraday ficks grouping time discontinuously exceeded $2.249 to $2.249.

It is worth noting that this level gathers at Fibonacci levels, such as the 0.392 return level of the January 2025 peak and closes to the Fibonacci recycling zone of 0.118 (nearly $2.27) of the April peak price.

XRP buyers have held this line so far after bounced $2.077, which is consistent with the 0.382 retracement level. However, the relative intensity index (RSI) around 72 shows that XRP is close to too many conditions over the hourly time frame, which adds another layer of complexity.

XRP is currently trading at $2.37. Chart: TradingView

Although RSI has not yet sent a clear reversal signal, market sensitivity to this level Meaning that it can be refused Send the price quickly to $2.00 or even $1.90, with backtracking of 0.5 and 0.618 as marked support areas.

What happens if XRP recoups $2.25

this The broader structure of XRP is currently optimistic, The hourly price chart shows the high and lows formed since the $1.60 above the bottom of April. If XRP successfully retracts and closes above $2.25, resistance may tend to support and open up higher targets with little friction. The next key level is about $2.36, marking the local April top. Breakthroughs to the region will indicate a strong continuation and finality of the macro bullish trend Returns $2.7 and later.

Interestingly, the purchase volume around XRP has already provided early confirmation of this bullish trend. At the time of writing, XRP needs to be closed from the daily chart above the daily schedule XRP is above the $2.25 level. XRP is currently trading at $2.37.

Featured images from Unsplash, charts for TradingView

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