Kriptofoni News

🔥 Round 2 Begins for #Ripple $XRP ! Key Support Levels in Play

When you take a close look at XRP’s chart, it becomes clear that the $2.50 level has once again pushed you back. After breaking out of the ascending channel, this strong resistance has driven the price downward. Now, XRP is squeezed near the critical $2.35 support level. All eyes are on whether the asset can hold the line here.

🛡️ $2.35 Support Tests Trader Patience

The $2.50 level has challenged you not just technically, but psychologically too. It aligned with the 0.236 Fibonacci retracement, making it a major hurdle. But after a sharp rejection, the price dropped below the 200-period EMA. Now, it’s trying to redefine its direction.

According to analyst Rocksorgate, the 0.5 Fibonacci level at $2.35 is your current lifeline. If XRP can hold this zone, a short-term stabilization might ease the pressure. But caution is key — if it breaks, the next support levels await around $2.29 and $2.20.

To recover, XRP must reclaim the $2.42 – $2.45 range. Climbing back into that zone could pull the asset into the bullish channel once again. Otherwise, selling pressure may gain the upper hand with no resistance left in its path.

🚀 Round 2 Could Ignite — But Conditions Are Tough

It’s not all doom and gloom. There are hopeful signs hidden in the charts. As analyst Crypto Yoddha notes, XRP is currently forming a bullish flag. If the pattern plays out, a fresh rally — just like “Round 1” in early 2025 — could be triggered.

This scenario points to a potential breakout toward the $5 to $10 range. But for that to happen, XRP must reclaim the 200 EMA and stay above key Fibonacci support zones. Otherwise, that dream might be shelved.

📉 The 14-day RSI is at 48.85 — neither overbought nor oversold. That’s a “wait and see” message for you. Price is still holding above the 50- and 200-day moving averages, which is promising in the long term. But in the short term, staying cautious is a must.