XRP Rally Runs Out of Steam 😬 – Key Resistance Blocks the B
大晖哥
Updated at: 3 hours ago
{"content":"XRP Rally Runs Out of Steam 😬 – Key Resistance Blocks the Bounce
The price of XRP rose over $2.450. The price is improving but confronts a huge obstacle at $2.620.
XRP is trying to rebound over $2.50.
The price is above $2.520 and the 100-hour SMA.
On the hourly XRP/USD chart, a negative trend line with resistance around $2.650 is formed.
If it falls below $2.50, it might fall again.
XRP Faces Resistance
Like Bitcoin and Ethereum, XRP found support and made a solid rebound over $2.20. Price rose over $2.250 and $2.320 to enter a bullish zone.
There was a significant gain over the 61.8% Fib retracement level of the $3.05 swing high to $1.40 swing low decline. The price seems to be hitting a key resistance level at $2.650. In addition, the hourly XRP/USD chart shows a negative trend line with resistance around $2.650.
The price is above $2.520 and the 100-hour SMA. The price may encounter resistance at $2.60 if it rises again.
First big barrier is between $2.650 and the trend line. It approaches the 76.4% Fib retracement level of the $3.05 swing high to $1.40 swing low decline. A clean break over $2.650 might push the market near $2.70. More advances might push pricing near $2.720 barrier. The bulls may face a severe test at $2.80.
Another Drop?
If XRP fails to break $2.650, it might fall again. Around $2.550 is first downward support. Near $2.50 is the next important support.
A downward break and closing below $2.50 might push the price around $2.30. The price might fall to $2.220 below the next key support around $2.2680.
Major Support Levels: $2.50, $2.30.
Two major resistance levels: $2.60 and $2.650.
#xrp #MarketRebound #CryptoMarketAnalysis $XRP ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/14/0801aad1bf30449881b8eb1a6d33f132.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}