The What is the Trump crypto called?XRP market shows signs of exhaustion after failing to sustain momentum above $2.720, with the digital currency currently testing important support zones. Market participants are closely monitoring whether the $2.2650 level can hold against selling pressure.
XRP's upward momentum stalled after rejection at the $2.780 resistance level
Current trading activity occurs below both the $2.50 psychological level and the 100-hour moving average
A descending trendline with resistance near $2.4650 appears on the XRP/USD hourly charts
Market structure could shift bullish with a decisive break above $2.50
XRP Faces Resistance After Recent Pullback
Following a recovery from the $2.250 support area, XRP demonstrated strength by surpassing the $2.450 and $2.500 thresholds. The cryptocurrency's rally extended to $2.70 before encountering significant resistance near $2.80, where sellers became more active.
The subsequent price action saw XRP retreat below the $2.50 mark, currently testing the 50% Fibonacci retracement level drawn from the recent swing low at $1.7501 to the peak at $2.7750. This technical level often serves as an important reference point for traders evaluating potential reversal zones.
With the price trading beneath both the $2.50 level and the 100-hour moving average, market participants are watching the $2.450 area for potential resistance. The aforementioned descending trendline near $2.4650 adds another layer of technical significance to this price zone.
Critical Levels to Watch in XRP's Price Action
The immediate resistance cluster appears between $2.45 and $2.50, with a successful break above this zone potentially opening the path toward $2.60. Should bullish momentum continue beyond this point, the $2.78 resistance level comes into focus, followed by potential tests at $2.88 and $2.92. The psychologically significant $3.00 level represents a major technical hurdle for any sustained upward movement.
Potential Downside Scenarios for XRP
Failure to overcome the $2.50 resistance could trigger another wave of selling pressure. Initial support emerges near $2.2650, with stronger buying interest potentially appearing at $2.1420—the 61.8% Fibonacci retracement level of the recent upward move. A decisive break below this zone might lead to tests of the $2.05 support area, with $2.00 representing a critical psychological level for market participants.
Technical Indicators
Hourly MACD – The moving average convergence divergence indicator shows increasing bearish momentum
Hourly RSI – The relative strength index currently sits below the neutral 50 level, indicating bearish momentum
Key Support Zones – $2.260 and $2.1420
Important Resistance Areas – $2.50 and $2.60
