crypto.news 2025-07-07 18:34:05

XRP maintains bullish momentum: can bulls break the $2.42 barrier?

XRP has been one of the few altcoins showing strength amid broader market hesitation. But as price approaches a critical resistance zone, volume will be the deciding factor for the next move. Ripple’s ( XRP ) price is defying broader market weakness with a notable rise from high time frame support. After establishing a solid base at $2.99, the asset is climbing back toward major resistance levels. However, the next key challenge lies at the $2.42 region, a level that could determine whether this rally is a temporary reaction or the beginning of a broader bullish move. Let’s dive into the current structure and what traders should be watching next. Key technical points Support Held at $2.99: This level is in confluence with the value area low of the current volume range, making it a technically significant base. Resistance at $2.42: The point of control and 0.618 Fibonacci retracement are both stacked here, increasing the importance of this level. Volume Decline: Despite price rising, volume has steadily dropped, signaling that a decisive breakout will need strong buyer conviction. XRPUSDT (1D) Chart, Source: TradingView XRP found strong footing at the $2.99 support zone, a level that not only acts as high time frame support but also aligns with the value area low of the active volume range. This type of confluence typically supports accumulation and gives rallies stronger foundations. Since holding that level, price has steadily climbed with minimal resistance, until now. The asset is now nearing the PoC, currently situated around $2.42. This area is highly significant as it aligns with both high time frame resistance and the 0.618 Fibonacci retracement drawn from the last major swing high to the $1.92 support low. It forms a dense resistance cluster, meaning any breakout will need to be backed by a clear spike in volume. You might also like: Dogecoin price double bottoms as whale accumulation continues So far, the rally has occurred on declining volume, a common warning sign that momentum may stall unless new participants enter the market. If XRP can reclaim and close above the PoC with conviction, especially if accompanied by volume surges, it opens the probability of a rally to the $2.58 level and potentially beyond. What to expect in the coming price action All eyes are on the $2.42 zone. If XRP breaks above this level on strong volume, it would signal renewed bullish momentum with upside targets around $2.58. However, failure to breach could trigger a rejection and rotation back toward support. Until then, traders should monitor volume closely, it’s the key to confirming the breakout. Read more: Global users see steady daily earnings rise with MintMiner cloud mining

En Okunan haberler

Tether Asset Custodian Backs $1,100,000,000 F...
2025-07-09
Bitcoin Price Rises Above $109K as Trump Call...
2025-07-09
Why Are Bitcoin and Altcoins No Longer Respon...
2025-07-09
Circle and OKX Launch Zero-Fee USDC Conversio...
2025-07-09
Crypto Hackers Drain $42,000,000 From Decentr...
2025-07-09
Trump demands that the Fed reduce rates by at...
2025-07-09
USD/JPY Forecast: UBS Unveils Alarming Yen We...
2025-07-09
Brad Garlinghouse has asked the lawmakers to...
2025-07-09

Alakalı haberler

Telegram collaborated with Snoop Dogg for the Tele...
09 Jul 2025
XRP Prices Hit 7-Week Peak as This Crucial Metric...
09 Jul 2025
Crypto hackers lift $42m from GMX’s Arbitrum liqui...
09 Jul 2025
SEC ACKNOWLEDGES AMENDMENT FOR IN-KIND REDEMPTIONS...
09 Jul 2025
Ripple’s Bold Move: BNY Mellon Partnership Ignites...
09 Jul 2025
Trump crypto coin trades near yearly $7.14 lows: 2...
09 Jul 2025

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez