Ripple is facing critical resistance at the 100-day moving average of $2.5, where selling pressure could emerge.

The price action at this level will be crucial, as a break above this resistance could trigger a fresh surge toward its all-time high.

XRP Analysis

By Shayan

The Daily Chart

XRP remains confined within a crucial price range, with strong support at $2 and a key resistance at the 100-day moving average ($2.5). After a recent surge toward the upper threshold of this range, the asset is now facing a decisive test at $2.5, where potential selling pressure could emerge.

A successful breakout above this level could pave the way for a strong rally toward Ripple’s all-time high. However, given the presence of sellers and a relatively inactive market, a rejection followed by a pullback toward the lower boundary at $2 appears to be the more probable short-term outcome.

The 4-Hour Chart

On the lower timeframe, XRP has been consolidating within a descending flag pattern, recently finding support at its lower boundary of $2. The price has since rebounded, reaching the $2.5 resistance, which has repeatedly capped gains in recent months.

If XRP maintains its bullish momentum and breaks above the flag’s upper boundary and the $2.5 resistance, a surge toward the $3 threshold could follow. However, unless market demand significantly increases, further consolidation within this pattern remains the most likely scenario.

SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.