If you’ve ever stared at a stubborn mule—and I have, plenty—then you’ll sympathize with XRP’s efforts lately. For most of May, XRP wandered around like a man lost in a corn maze, but now the coin’s decided it likes the view near $2.25, which has become the fence that keeps all the bulls and bears from running completely wild.
The past 24 hours have been lively—full of enough bullish hustle to make even old riverboat gamblers nervous. After bouncing up from $2.08 like Tom Sawyer outsmarting Aunt Polly, XRP is once again trying to scrape its boots on that painted $2.25 “RESISTANCE” sign that’s been nailed up since January.
$2.25 Resistance Defines The Battle Zone
The battle for $2.25 is on, folks. One part confidence, three parts nervous tics, and a whole lot of technical chart squinting. Every time XRP sneaks up to $2.25, resistance answers right back, like an old hound that’s just remembered where you hide the beef jerky. So you get the classic options: break out, or sulk back down for another try. Both seem about equally plausible, depending on whether you believe in fortune or Fibonacci.
Word is traveling fast across X (formerly known as Twitter, for folks standing in the back). Social media chart wranglers have declared $2.25 “The Place To Watch”—since it’s received more tests than a barrel of whiskey at a temperance meeting. Right now, XRP’s stuck doing a jitterbug just under $2.249 to $2.273, unable to stick a convincing landing and close above the mark—at least on the humble hourly timeframe.
This whole region’s got more Fibonacci numbers flying around than an 1880’s math bee. You’ve got your 0.392 retracement from the January high, and the 0.118 retracement poking up from April, all jammed around $2.27. No wonder price is skittish—like Huck Finn trying to avoid both chores and school.
Bulls have managed to hold the line above $2.077, which lines up nicely with a 0.382 retracement. But watch out, the relative strength index is pushing toward 72. That means things are getting hotter than a Mississippi afternoon, and overbought conditions might just slap some sense into excitable buyers. 🥵
Now, while the RSI hasn’t yet rung the dinner bell for a full reversal, this market’s as twitchy as a frog on a frying pan. If XRP gets rejected again, it could slither right down toward $2.00 or $1.90, where sturdy ol’ support levels (and a couple more Fibonacci retracements) are patiently waiting with sweet tea and sympathy.
What Happens If XRP Reclaims $2.25
Big “if,” but let’s speculate—since that’s the most entertaining part of crypto. XRP’s been painting higher lows since April, steadily climbing like a cat burglar with new shoes. If it finally conquers $2.25 for good (and manages to close above it on more than just the hourly chart), resistance turns to support—like a fence replaced with a lemonade stand—and bigger targets beckon: $2.36 (that’s the local April top), and after that, the rumor mill says even $2.7 could be on the cards. 🚀
Buying volume is already swelling, which traders claim is bullish—unless they’re wrong, in which case you never heard it from me. Hourly chart action shows XRP breaking above $2.25, but the big enchilada is the daily close. For now, XRP’s strutting around at $2.37 and looking mighty pleased. Let’s hope it knows where it’s going, or at least enjoys the ride as much as Twain himself. 😉
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2025-05-11 07:19