- XRP struggles to hold above $2.50 after repeated rejections near $2.70 resistance.
- A downtrend pattern develops, and it is headed towards a potential test of the support at $2.25.
- Market sentiment stays neutral as traders await a decisive breakout or breakdown.
XRP is already displaying signs of exhaustion, having not been able to maintain gains past the $2.50 mark. The recent trend of the coin indicates that there is an increasing level of seller control, with the traders looking at the next point of significant market direction at the $2.25 point.
XRP Struggles to Maintain Strength Above Key Levels
The 4-hour XRP/USDT chart shared by analyst Ali (@ali_charts) shows a clear slowdown in bullish strength. The price is once again hanging on the price of $2.53, following successive rejections between $2.65 and $2.70, which has served as a stiff ceiling on a number of occasions. This persistent inability to press higher has begun to undermine trader confidence, becoming almost near-term sentiment skeptical.
A lower high formed just after the rejection near $2.70 confirms a subtle but clear structural shift. The setup now favors sellers, especially as XRP trades below short-term moving averages. When the shorter average dips beneath the longer one, it typically signals a loss of momentum and a possible start of a correction.
From a technical viewpoint, the market seems to be transitioning from an uptrend into a cooling phase. Price swings have narrowed, rallies are shorter, and selling pressure is appearing quicker—all hallmarks of a market preparing for a pullback.
Chart Structure Points Toward $2.25 Retest
Ali’s observation that XRP may revisit $2.25 aligns with what the chart structure implies. The dotted projection drawn on the right-hand side suggests a path lower before any meaningful recovery attempt. That level—between $2.15 and $2.25—previously served as a strong demand area where heavy buying emerged earlier in the cycle.
If XRP does slide back into that zone, it would represent a moderate retracement of about 10–12% from current prices—a standard move after extended rallies. Holding above $2.25 is critical for bulls, as a decisive break below it could open the door toward $2.15.
On the other hand, any rally from $2.25, which is supported by increased volume, could stabilize the market. For the resumption of upside momentum and to nullify the ongoing bearish bias, strong penetration above $2.57-$2.60 is required.
Trading Activity Reflects Market Indecision
At the time of writing, XRP is trading at $2.50, decreased by 0.1% in the past 24 hours, based on CoinGecko data. The cryptocurrency has been experiencing a silent intraday trading between $2.49 and $2.54, which is a sign that traders are indecisive. Certainly, this does not reflect the reality on the ground, as the volume of trading remains at approximately $1.98 billion per day.
The total XRP supply in circulation is about 60.1 billion tokens, which makes its market cap nearly 150 billion. The stable liquidity ratio indicates broad participation, which would mean that big trades can also be well absorbed without significant price distortions.
The sentiment for XRP remains primarily neutral. Most of the traders are closely monitoring the $2.50 area, which has been supporting and opposing over the last few sessions. A finish below $2.48 will open the probable swing into $2.40-$2.25. Any close exceeding the level of $2.55 can also cause a rebound in buyer confidence and position the stage toward a bounce.
