- XRP faces strong resistance at $2.50, struggling to break higher.
- Market indicators show indecision, with bearish pressure increasing.
- A drop below $2.35 could trigger a decline toward $2.00.
Ripple’s XRP is facing strong resistance at $2.50 . Buyers try to push past, but sellers refuse to back down. Multiple attempts to break higher have failed, raising concerns about fading momentum. Technical indicators and futures data paint a mixed picture. Market sentiment seems uncertain. Will a bearish reversal take control, or can buyers regain strength?
XRP Stalls Below Key Resistance
At press time, XRP was trading around $2.37 after another rejection at $2.50. This marks the third failed attempt in two weeks. A heavy supply zone blocks further gains, making upward movement difficult. Every rally faces immediate selling pressure. Technical indicators signal indecision. The price of XRP is above the 50-day moving average at $2.37 but below the 200-day moving average at $2.52. This setup shows hesitation among traders.
The Relative Strength Index sits at 48.48, reflecting neutral momentum with a slight bearish lean. Without a surge in buying, sellers may keep control near $2.50.If XRP falls below the 50-day moving average, it could face a steeper drop. A further decline might push it closer to the key $2.00 support level. That area previously attracted buyers, offering stability. Losing that level could give sellers full control, increasing downside risk.
Futures Market Shows Weak Confidence
XRP Futures data suggests traders lack conviction. Open Interest peaked at $5.8 billion in mid-January but has now dropped to $2.8 billion. This decline signals uncertainty. Fewer traders are taking leveraged positions, showing hesitation about a strong breakout. Volume trends reinforce this cautious sentiment. Trading activity remains weak, suggesting spot market traders drive recent price moves instead of leveraged speculators.
Without fresh demand, breaking past $2.50 may prove difficult. Sellers continue defending this level, strengthening bearish pressure. Failure to hold the $2.35 support zone could lead to stronger selling. A drop toward $2.00 might follow. However, a decisive close above $2.50 with strong volume could shift momentum. A breakout could send prices toward the $2.75-$3.00 range, but buyers must step in with force.
Bears hold a slight edge for now, but market sentiment can shift quickly. A sudden wave of buying could challenge the current trend. In crypto, momentum changes in an instant. The next few trading sessions will be critical in determining XRP’s direction.
