Bitcoinist 2025-05-11 04:00:24

XRP Bounces Off Major Resistance – How High XRP Can Go If Support Holds

Recent price action in the past 24 hours has seen bullish momentum returning to the crypto market, and XRP is also building on this momentum. After struggling to find direction for the first few days of May, the XRP price has now returned to test the $2.25 mark, a resistance that has consistently held since January and is beginning to define XRP’s broader macrostructure. This latest price action comes after a sharp rebound from the $2.08 zone, and reclaiming the ensuing resistance at $2.25 could open the door to much higher targets. $2.25 Resistance Defines The Battle Zone Despite the rally, technical analysis suggests that XRP could battle with resistance near $2.25, or reverse to retest this level even when there’s a breakout. Price movements are becoming increasingly reactive, and there could be a potential breakout or breakdown, depending on how this level resolves. According to a technical analysis shared on social media platform X, the $2.25 level is going to be important for XRP, given that the price has now tested this resistance level multiple times since early 2025. At the time of the analysis, the XRP price is showing hesitation under the breakout point on the hourly candlestick timeframe, with intraday wicks repeatedly failing to close convincingly above $2.249 to $2.273. Notably, this level is clustered with Fibonacci levels, like the 0.392 retracement level from the January 2025 peak, and close to the Fibonacci retracement zone at 0.118 (near $2.27) from the April peak price. So far, XRP buyers have held the line after bouncing off $2.077, which aligns with the 0.382 retracement level. However, the relative strength index (RSI) near 72 shows that XRP is approaching overbought conditions on the hourly timeframe, which adds another layer of complexity. Although the RSI hasn’t given a definitive reversal signal, the market’s sensitivity around this level means a rejection could send the price quickly toward $2.00 or even $1.90, where the 0.5 and 0.618 retracements lie as marked support zones. What Happens If XRP Reclaims $2.25 The broader structure of XRP is currently bullish, with the hourly price chart showing formations of higher lows since the April bottom just above $1.60. Should XRP successfully reclaim and close above $2.25, the resistance could flip into support and open up higher targets with little friction ahead. The next key level is around $2.36, which marks the local April top. A breakout toward that region would signal a strong continuation of the macro bullish trend and an eventual return to $2.7 and beyond. Interestingly, the buying volume surrounding XRP has provided early confirmation of this bullish trend. At the time of writing, XRP has since broken above the $2.25 level on the hourly chart, although it needs to close above it on the daily timeframe. XRP is currently trading at $2.37. Featured image from Unsplash, chart from TradingView

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