Ripple (XRP) Price Strengthens, Targets Critical Resistance Level!

Jakarta, Pintu News – The price of Ripple (XRP) has recently shown a significant increase, starting from the $2.20 zone and now moving towards higher resistance levels. This increase comes alongside increases in other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), signaling a positive trend in the market.

Ripple (XRP) Technical Analysis

After successfully crossing the $2,220 level, Ripple (XRP) continues to show positive momentum. The price increase managed to break the $2.2320 resistance and shortly after, reached above $2.250. This includes surpassing the 61.8% Fibonacci retracement level of the previous decline that started from a high of $2.3111 to a low of $2.197. Currently, Ripple (XRP) is trading above $2,250 and the 100-hour simple moving average.

Given these conditions, Ripple (XRP) may face challenges near the $2.280 level, where a short-term contraction triangle is forming on the hourly chart. The first major resistance is at $2.2850, which is very close to the 76.4% Fibonacci retracement level. If it manages to cross this resistance, the next target would be $2,320, followed by a potential rise towards $2,350 and possibly even reaching $2,40 or $2,420 in the near term.

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Potential Price Drop

If Ripple (XRP) fails to break the $2.2850 resistance zone, there is a possibility that the price will drop again. Initial support lies near the $2.260 level, with the next major support at $2.2320. A break below this level could trigger further declines towards $2.20 support and then to the $2.150 zone.

This dip could be a healthy correction within a larger uptrend, or it could signal a broader change in market sentiment. Therefore, it is important for investors to monitor technical indicators such as MACD and RSI which are currently showing strengthening in the bullish zone and are above the 50 level, respectively.

Technical Indicators and Key Levels

The hourly MACD indicator for Ripple (XRP) shows acceleration in the bullish zone, signaling that buyers still have control of the market. Meanwhile, the hourly RSI (Relative Strength Index) is above the 50 level, which supports further upside prospects.

The key support levels to watch are $2.2320 and $2.20, while the next critical resistance levels are $2.2850 and $2.320. Future price movements will largely depend on Ripple’s (XRP) ability to maintain its current momentum and break through the identified resistances.

Conclusion

With the positive trends seen in Ripple (XRP) and other cryptocurrencies, the market may continue to witness volatility. Investors and traders should stay alert to the changing market dynamics and use technical analysis to make informed trading 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

• NewsBTC. XRP Price Strengthens 2.32%. Accessed on July 8, 2025