XRP news: Market holds bullish structure despite resistance at $2.50
XRP’s price struggles at resistance, while bulls attempt to push higher
XRP has been consolidating within a range of $1.80 to $2.80, with a recent 1.53% increase, pushing the price to $2.20. The cryptocurrency recently broke out of a descending wedge pattern, a bullish reversal indicator, but faces immediate resistance at $2.50 - $2.78. A successful breakout above this zone could lead to a test of the $3.00 - $3.20 resistance area, where past price rejections have occurred.
On the downside, $2 remains a strong support level, having prevented further declines in previous sessions. A breakdown below this level could expose XRP to $1.80, which serves as a critical demand zone. If selling pressure intensifies, further declines toward $1.60 - $1.40 are possible.
XRP price dynamics (Feb 2025 - Mar 2025) Source: TradingView)
Technical indicators signal a mixed outlook
XRP’s Relative Strength Index (RSI) is at 47.87, hovering near neutral levels. If the RSI surpasses 50, it could indicate growing bullish momentum. A rise above 60 would confirm a strong uptrend, while a drop below 40 may suggest increased selling pressure.
Meanwhile, the MACD indicator shows that bearish momentum is weakening, with the MACD line at 0.0167 turning positive. The signal line remains at -0.0558, suggesting that a bullish crossover could lead to an upward push. If MACD maintains its positive trajectory, XRP may gain further upside momentum.
Bollinger Bands indicate that market volatility is currently low, with the price near the middle band ($2.20). A move toward the upper band ($2.50 - $2.78) would confirm a bullish breakout, while a drop toward the lower band ($2.00 - $1.80) could increase downside risks.4
Short-term and long-term outlook
In the short term, XRP must break above $2.50 - $2.78 to confirm a bullish continuation toward $3.00 and beyond. The 50-day EMA at $2.28 serves as an immediate resistance level, followed by the 100-day EMA at $2.35. If XRP reclaims these levels, it could strengthen the long-term bullish outlook.
However, failure to break resistance could result in continued consolidation or a pullback toward support zones. If $2.00 fails to hold, a decline toward $1.80 or lower could follow.
As previously discussed, XRP has been trading within a well-defined range, facing multiple rejections near $2.50 - $2.78. The market remains in a cautiously bullish phase, with $2 as the key support level and $3 as the next major upside target.
