XRP’s key price levels to watch after losing major support

An analyst has identified XRP’s next key price levels to monitor as the asset struggles to reclaim the $2.50 resistance level following a breakdown from a key technical structure. Notably, XRP had been following a steady upward trend within an ascending channel. However, the price encountered strong resistance near $2.50, aligned with the 0.236 Fibonacci retracement level, which triggered a sharp rejection and subsequent sell-off, as observed by analyst Rocksorgate . In a May 24 TradingView post , the analyst suggested that XRP’s recent drop was likely a coordinated move to break below the 200-period exponential moving average ( EMA ), a vital dynamic support that typically signals trend direction. XRP price analysis chart. Source: TradingView Currently, XRP is hovering near the 0.5 Fibonacci retracement level at $2.35, a critical support area. If this level holds, it may lead to price stabilization. However, if it fails, the next support lies at the 0.618 ($2.29) and 0.786 ($2.20) Fibonacci levels, which could come into play. The analyst observed that the $2.42 to $2.45 zone remains a key resistance. Reclaiming this area could signal a return to bullish momentum and possibly a re-entry into the ascending channel. XRP’s upside target Further up, broader resistance is seen at the $2.99 and $3 range. Should XRP rebound convincingly, this zone may be retested. On the flip side, failure to hold above current support could pave the way for a drop toward $2.10. For now, XRP’s outlook hinges on whether it can reclaim the 200 EMA and maintain key Fibonacci support levels or continue slipping into a lower price range. Meanwhile, an outlook from pseudonymous cryptocurrency analyst Crypto Yoddha suggested XRP may be gearing up for a significant move. According to the expert, XRP is forming a bullish pennant pattern following a strong breakout earlier this year. XRP price analysis chart. Source: TradingView To that end, after a prolonged accumulation phase stretching from 2021 to late 2024, XRP surged past $2 in early 2025, an event marked as “Round 1.” Now consolidating within a tightening range, the current setup hints that “Round 2” may be imminent. The bull pennant formation points to a potential breakout, with the analyst targeting the $5 to $10 range based on historical resistance and technical projections. XRP price analysis As of press time, XRP was trading at $2.35, down approximately 0.85% over the past 24 hours. On the weekly chart, the asset has posted modest gains of 0.4%. XRP seven-day price chart. Source: Finbold Currently, XRP is showing moderate strength, holding above both its 50-day Simple Moving Average (SMA) at $2.24 and its 200-day SMA at $1.91. This suggests a generally bullish medium- to long-term trend. However, short-term indicators paint a more cautious picture. The 14-day Relative Strength Index ( RSI ) stands at 48.85, placing XRP in neutral territory, not overbought nor oversold. Featured image via Shutterstock The post XRP’s key price levels to watch after losing major support appeared first on Finbold .

Source: Finbold