XRP is currently in a tricky situation as its price struggles to pick a clear direction. While there was a small rally recently, the asset is facing strong resistance.
Key Resistance Level at $2.30
On the XRP price chart, a clear upside breakout hasn’t appeared yet since the recent pullback started on July 3rd. There is a strong resistance trendline around the $2.30 level, which has rejected XRP several times in the past: May 24, May 27, June 16, June 30, and now again.
What Happens Next?
Popular analyst Dark Defender shared his view, stating that the upcoming weekly candle close is important. He explained that if XRP can close this week above $2.28–$2.33, it will be a positive sign for next week’s price action. However, if it fails, the sideways movement could continue for a few more days.
Current Situation and Possible Scenarios
Right now, XRP’s price movement remains choppy and indecisive, bouncing between resistance and support without clear direction. Although a small rally happened recently, it wasn’t strong enough to confirm a real trend reversal. For XRP to keep its current market structure intact, it must stay above the June 27 low of $1.99. A drop below this level would weaken the bullish outlook in the short term.
Expectations for XRP remain high, yet the current uncertainty in price movement highlights the need for careful monitoring of key levels. The situation demands close analysis, as breaking above or falling below critical marks could determine the asset's future dynamics.
