XRP’s Future Price Levels: An In-Depth Analysis
As XRP continues to grapple with regaining the $2.50 resistance level, analysts have pinpointed crucial price levels for investors to keep an eye on. The digital asset recently broke away from a significant technical pattern, raising questions about its next move.
Understanding XRP’s Recent Price Movements
XRP was on a steady upward trajectory within an ascending channel until it hit a formidable barrier at $2.50. This resistance coincided with the 0.236 Fibonacci retracement level, causing a notable rejection and a subsequent sell-off. Analyst Rocksorgate highlighted this shift, emphasizing the significance of the breakdown.
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Breaking the 200-Period EMA
In a detailed TradingView analysis dated May 24, Rocksorgate proposed that XRP’s recent decline might have been a strategic effort to breach the 200-period exponential moving average (EMA). This moving average serves as a critical dynamic support that often indicates the trend’s direction.
Current Key Support and Resistance Levels
As it stands, XRP is hovering around the 0.5 Fibonacci retracement level at $2.35, a pivotal support zone. Maintaining this level could stabilize the price. Conversely, failure to uphold this support might push the price towards the 0.618 ($2.29) and 0.786 ($2.20) Fibonacci levels, which are the next lines of defense.
Resistance Zones to Watch
The analyst notes that the $2.42 to $2.45 range remains a significant resistance area. Regaining this zone might indicate renewed bullish momentum, potentially allowing XRP to re-enter the ascending channel.
XRP’s Potential Upside
Looking further ahead, significant resistance looms at the $2.99 to $3 range. A robust resurgence by XRP could see this area retested. However, failing to hold above the current support could lead to a decline towards $2.10.
XRP’s future largely depends on its ability to reclaim the 200 EMA and maintain critical Fibonacci support levels. Otherwise, it risks descending into a lower price range.
Insights from Crypto Yoddha
According to Crypto Yoddha, a pseudonymous cryptocurrency analyst, XRP might be on the cusp of a major shift. The analyst points out that XRP is forming a bullish pennant pattern, following an impressive breakout earlier this year.
After a lengthy accumulation phase from 2021 to late 2024, XRP broke the $2 mark in early 2025, marking a significant event termed “Round 1.” Currently consolidating within a narrowing range, the setup suggests “Round 2” might be on the horizon. The bull pennant formation indicates a potential breakout, with targets set between $5 and $10, based on historical resistance and technical forecasts.
Latest XRP Price Analysis
At the time of writing, XRP is trading at $2.35, reflecting a slight decline of 0.85% over the past 24 hours. On a weekly scale, the asset has experienced modest growth of 0.4%.
XRP shows moderate strength, trading above its 50-day Simple Moving Average (SMA) at $2.24 and the 200-day SMA at $1.91. This suggests a generally bullish outlook over the medium to long term. However, short-term indicators suggest caution.
Technical Indicators and Market Sentiment
The 14-day Relative Strength Index (RSI) is at 48.85, placing XRP in neutral territory—neither overbought nor oversold.
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