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Market Direction

XRP faces key resistance at $2.23

Published: Apr 4, 2025
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As XRP hovers near crucial support, the focus shifts to key resistance zones. Let’s examine the technical outlook for XRP and what might happen next in its price action.

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Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Technical analysis & market mechanics

  • XRP is currently sitting at $2.00, a major psychological level and key range low with multiple wicks confirming buyer interest.
  • Local resistance is identified at $2.23, marking the immediate upside cap for short-term momentum.
  • Higher resistance levels sit at $2.355 and $2.480, forming the key short entry zone if price trends upward.
  • RSI is trending near 40, neutral territory - not overbought or oversold, but showing signs of a downtrend, which means we may begin to see signs of bottoming out in price in the shorter term.
  • Minor support at $1.78 may offer a temporary bounce if $2.00 fails.
  • Stronger downside levels rest at $1.50 and $1.30, aligning with historical structural demand zones.
  • $1.30 marks the 61.8% retracement from the cycle move - a healthy correction if achieved.
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  • Next Support: $2.000
  • Next Resistance: $2.2300
  • Direction: Bullish
  • Upside Target: $2.7300
  • Downside Target: $1.300

Cryptonary's take

We're looking to scale into shorts at $2.36, $2.48, and $2.588 as the price pushes higher. This region marks our key selling zone. We expect the $2.00 support to hold in the short term, allowing the price to move higher before rolling over.

Once that upside move is complete, we anticipate a breakdown targeting $1.50 and $1.30. The plan is simple - wait for upside levels to get filled, then execute.

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