XRP continues to face challenges breaking through key resistance levels, pressured by market uncertainty. This article details the current situation and future forecasts.
Current Situation on the XRP Market
XRP is under pressure as bulls attempt to hold the $2.13 level after a failed breakout attempt near $2.20 earlier this week. The current rejection marks the third consecutive session where the price has struggled to gain momentum above clustered resistance, leading to cautious sentiment among traders.
Technical Analysis Indicators
On the daily chart, XRP price remains capped beneath the $2.22 mark, while the 20-, 50-, and 100-day EMAs provide strong resistance. The RSI and MACD indicators show market indecision; RSI currently sits at 48, indicating neutrality. Options data shows high open interest around the $2.10 and $2.20 strikes, but traders are awaiting clear signals before taking directional bets.
Forecasts for 2025-2029
Price forecasts for XRP over the next five years suggest a range between $1.98 and $3.90. Average prices are expected to fluctuate, with potential highs reaching $2.80 in 2026 and $3.45 in 2028 if economic conditions and institutional engagement strengthen.
XRP remains in a consolidation range, struggling to break past key resistance around $2.20. Despite positive market signals, traders are awaiting clear direction before committing to new positions.
