XRP Stalls at $2.55, Falls Below $2.50, Defends $2.49
XRP failed three breakout attempts at $2.55, confirming a strong resistance level. The token slipped below $2.50 to an intraday low of $2.47, triggering a volume surge of over 85% above average (peaking around 169 million tokens) amid heavy institutional selling. Price then found short-term support at $2.49 and consolidated in a tight $2.49–$2.55 range. Technical indicators show a lower-high pattern with RSI and MACD remaining flat, suggesting neutral momentum despite growing bearish undertones. Traders will watch for a move back above $2.50 and a breakout over $2.55 to target $2.60, or a breakdown below $2.49 (and potentially $2.40) toward $2.30–$2.33. Maintaining closes above $2.49 is crucial to preserve any medium-term bullish bias.
Neutral
The news highlights XRP’s failed attempts to break above $2.55 and its subsequent drop below $2.50, followed by a defense of $2.49 support. Volume spiked sharply on institutional selling, yet RSI and MACD remain flat, indicating a consolidation phase rather than a decisive trend shift. Short-term trading opportunities exist between the defined resistance and support zones, but without a clear breakout or breakdown, the market impact is neutral. Sustained closes above $2.49 would favour bulls, while a failure to hold support could tilt the bias toward bears.