Will Ripple (XRP) Break $2.42? Check out the latest analysis!

Jakarta, Pintu News – Ripple (XRP) is showing impressive signs of recovery after correcting to $2.22 earlier this week. Currently, Ripple (XRP) is trading at $2.34, showing upside potential after the consolidation phase that followed the price spike in early May. At that time, the price briefly broke above $2.50 before finally encountering resistance near $2.60.

Why is the $2.42 Resistance Important?

The $2.42 level has been a key resistance zone for Ripple (XRP), which is evident from the difficulty of some daily candles to close above it. Whenever the price tries to break this level, there is always considerable selling that pushes the price back down. This suggests that $2.42 is an important threshold that must be crossed to trigger further gains.

On several occasions, the price of Ripple (XRP) has tried to challenge this resistance limit, but it has always been rejected. If Ripple (XRP) manages to break and close above $2.42, this could be a strong bullish signal for investors and traders. This would open up opportunities to reach higher price levels, possibly approaching the previous record above $2.50.

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On-Chain Metrics Support Bullish Outlook

Analysis of Ripple’s (XRP) on-chain activity shows an increase in the number of daily active addresses and social volume throughout May. This indicates that there is consistent user engagement and increased investor interest. These two indicators are often regarded as positive signals indicating strong demand.

Despite some minor price drawdowns, Ripple (XRP) managed to maintain high activity levels. This suggests that there is enough demand to sustain the price at higher levels. If this trend continues, there is a high probability that Ripple (XRP) will manage to break the $2.42 resistance and start a new uptrend.

Ripple (XRP) Price Outlook Going Forward

Taking into account technical and fundamental factors, the price outlook for Ripple (XRP) seems very promising. If it manages to break $2.42, there are not many significant technical barriers until it approaches $2.60. This provides ample room for Ripple (XRP) to move higher.

In addition, the general market sentiment is also favorable for price increases. With positive news and growing adoption, Ripple (XRP) could reach and even exceed previous price records. However, it is important for investors to remain vigilant of market volatility and news that could affect prices suddenly.

Conclusion

With various indicators in its favor, Ripple (XRP) has great potential to surpass the $2.42 resistance and reach higher price levels. Investors and traders should closely monitor on-chain metrics and market developments to make informed investment decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. XRP’s price rebounds, is a break above $2.42 coming next?. Accessed on May 28, 2025
• Featured Image: Coingape