XRP resistance levels Archives - Coin Engineer

XRP Price Approaches $2.250 Resistance: A Breakout May Trigger Further Gains

Yeliz Akmaca — Fri, 02 May 2025 11:00:40 +0000

XRP initiated a fresh upward move after breaking above the $2.150 level.However, the price currently faces resistance at the $2.250 level, sitting just below the 100 SMA.

The hourly chart of the XRP/USD pair shows a breakout above the descending trendline at $2.2350.This breakout signals strong bullish potential. If XRP manages a close above the $2.250 resistance, the price could gain momentum toward the $2.30 level. According to recent reports, 700 million XRP have been locked in escrow.

XRP Shows Fresh Bullish Signals

After finding solid support near the $2.125 level, token resumed its upward move. The token broke through the $2.150 and $2.20 resistance levels, painting a positive picture. The price also moved above the 23.6% Fibonacci retracement level from the $2.359 swing high to the $2.125 low.

With the breakout of the descending trendline near $2.2350, token now tests a strong resistance at $2.250. The first major resistance stands at $2.30, aligning with the 76.4% Fibonacci retracement level of the same move.

If bulls push the price beyond $2.350, Ripple could next target $2.420 and $2.450. Continued bullish momentum may even drive the price toward $2.50 and possibly $2.650 in the short term.

Key Levels to Watch If XRP Drops

If XRP fails to clear the $2.250 resistance, bears may take control. Sellers could drag the price back to the $2.20 support level. A further drop might push it down to the critical $2.180 zone.

A clear move below $2.180 could send XRP toward $2.120, followed by a potential dip to $2.050. These levels will likely attract buyers looking for re-entry points in the short term.

What Do Technical Indicators Say?

MACD: The hourly MACD for XRP/USD is gaining strength in the bullish zone.

RSI: The RSI is currently above the 50 mark, signaling sustained positive momentum.

Key Technical Levels

Supports: $2.20, $2.180, $2.120
Resistances: $2.250, $2.30, $2.350, $2.420, $2.450, $2.650

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The post XRP Price Approaches $2.250 Resistance: A Breakout May Trigger Further Gains appeared first on Coin Engineer.

XRP at a Critical Support: Bullish or Bearish?

Yigit Taha OZTURK — Fri, 28 Feb 2025 12:33:01 +0000

As volatility continues in the cryptocurrency market, XRP is currently trading at a critical support level of $2. This level holds significant importance for investors, as losing it could lead to a deeper correction. According to technical analysis, if the $2 support breaks, the next key support area would be the bullish Fair Value Gap (FVG) zone ($1.77-$1.54**)**. If this zone also fails to hold, the price could drop further to $1.27.

On the other hand, if XRP sees a strong bounce from the $2 support, the first resistance level would be the bearish FVG zone ($2.36-$2.52**)**. A breakout above this region could strengthen buyers, pushing the price toward the next resistance at $2.78.

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XRP/USDT daily chart.

Recently, rising volatility in the cryptocurrency market has made XRP investors more cautious. In particular, the movements of Bitcoin (BTC) and major altcoins will be decisive for XRP’s direction. If the broader market shows a positive outlook, XRP could hold the $2 support and gain upward momentum. However, if selling pressure persists, XRP might test lower critical support levels.

In the coming days, whether XRP can maintain its $2 level will provide clearer signals for its future price direction. Technical indicators suggest that investors should closely monitor this key level.

The post XRP at a Critical Support: Bullish or Bearish? appeared first on Coin Engineer.

XRP Analysis: Is It Preparing for New Highs with ETF News?

Yigit Taha OZTURK — Fri, 14 Feb 2025 14:00:54 +0000

XRP has recently entered a strong uptrend driven by ETF rumors. The price surged from $2.50 levels to $2.80 levels in a short period. One of the most critical points in this rally will be breaking the $2.78 resistance. If this level is surpassed, the psychological barrier at $3.00 could be tested. With stronger momentum, the next major resistance level stands at $3.15.

However, if the $2.78 resistance cannot be broken, XRP is expected to find support at $2.52. Maintaining this level is crucial for the continuation of the uptrend. Technical analysis shows that XRP is gradually forming an uptrend. Additionally, the proper alignment of EMA levels supports a bullish outlook, making this a positive sign for further gains.

SEC Approves Modification for Grayscale Spot XRP ETF!

One of the most significant developments for XRP is the SEC‘s approval of the modification request for the Grayscale Spot XRP ETF. This news could increase institutional interest in XRP and have a positive impact on its price. While ETF rumors enhance investor confidence, they may also trigger a new wave of momentum in XRP’s price movement.

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Key Levels in XRP Technical Analysis

If the $2.78 resistance is broken, $3.00 and $3.15 levels could come into play. At this stage, staying above $2.78 will be crucial for the continuation of the bullish trend. However, if $2.78 is not surpassed, a pullback could lead XRP to test the $2.52 support level, which is expected to act as a strong base.

Additionally, XRP is slowly forming an uptrend. Technical indicators are giving positive signals, and the bullish alignment of EMA levels further strengthens the upward expectation, highlighting a strong potential for further gains.

The post XRP Analysis: Is It Preparing for New Highs with ETF News? appeared first on Coin Engineer.