XRP Struggles at Critical Resistance Despite Bounce From Support

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What to Know

  • XRP struggles near critical resistance despite bouncing from long-term support levels.
  • The XRP/BTC pair and Bitcoin dominance will likely influence short-term market moves.
  • Intraday levels above $2.2770 may push XRP toward $2.4080; breakdown risks further declines.
xrp

XRP is currently consolidating after a bounce and is struggling around a critical resistance zone. Although XRP was able to move up from the support level, the overall trend remains weak. The coming days will depend on key support levels and how well XRP performs against BTC.

At the time of writing, XRP is trading at $2.19, with a 24-hour trading volume of $9.35 billion and a market capitalization of $135.89 billion. The token has slipped 1.35% over the last 24 hours, indicating that sellers remain active near key levels.

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Source: CoinMarketCap

XRP Tests Major Descending Resistance

Popular cryptocurrency analyst, GainMuse, has pointed out the big descending resistance level that XRP is moving into. While the cryptocurrency has experienced a nice bounce off a long-term support line, the outlook is still bearish.

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Source: X

The chart still retains its broader dovish outlook with signs of repeated breakdowns at triangles as well as clear signs of rejections. This can imply that the recent reversal may not lead to an upside breakout.

XRP Price Follows Bitcoin Dominance

Another analyst, CRYPTOWZRD, highlighted that XRP ended the day with a slightly bearish bias but suggested that the XRP/BTC trading pair would be essential in the following day’s trading.

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Source: X

He stated that remaining above $2.2770 is still in a positive region, but suggested that breaking this level might lead to further selling pressures. Today’s daily candles of both XRP and the XRP/BTC trading pair ended with a slight deterioration after the gain in the previous day.

Further analyzing the charts, it looks like XRP/BTC is forming a double top pattern, which is known to result in a short-term downtrend. Bitcoin Dominance is expected to be the catalyst for the next market movement.

When XRP/BTC begins to move up towards the ceiling of its pattern, it might be conducive for XRP to strengthen. For the short term, XRP is holding above the resistance level of $2.2700, which might be stable for a few days unless Bitcoin moves up.

Also Read | XRP Eyes $2.65 After Strong Recovery, $2.27 Becomes Critical Support

XRP Faces Key Intraday Resistance

There has been quite high volatility in the short-term price movements, but sharp movements are still expected. If it remains above $2.2770 on an intraday basis, there would be possibilities to move towards $2.4080 or above. A breakdown below $2.2770 might lead to more falls. The next break might emerge when there is some clearer chart formation.

Also Read | XRP’s 32% Surge Faces a Stark Technical Warning

Zagham Abbas

Zagham Abbas

Zagham Abbas is a Blockchain Infrastructure Reporter at Tron Weekly with over five years of experience covering cryptocurrency markets, blockchain infrastructure, and digital asset regulation. His reporting focuses on core blockchain networks, protocol-level developments, decentralized finance ecosystems, and major assets such as Bitcoin, Ethereum, and altcoins.
Zagham covers network upgrades, protocol changes, scalability developments, security incidents, and ecosystem adoption across leading blockchain platforms. He also provides market analysis, explaining how infrastructure updates and regulatory actions impact digital asset markets. His work delivers clear, fact-based reporting for both beginners and experienced readers. He holds a Bachelor of Arts degree and follows strict editorial and fact-checking standards at Tron Weekly.

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