XRP is fighting with a resistance level of $2.16 and testing a support of $1.70. Key price levels will be the next big move of the cryptocurrency.
XRP is testing $1.70 support as while resistance is at $2.16.
XRP’s price may trade above $2.16 or go down further based on the support.
Levels of key $2.16 and $1.70 could be the deciding factor for XRP’s next big move.
The $2.16 level has opened up XRP’s price to the potential threat on this ground level, as it appears from the weekly chart for April 2025. The crypto asset blasted past this level only to reclaim some before now testing key support levels. The present state discovers XRP at these critical price points, resulting in the market being incredibly volatile because it closely mirrors the performance of the cryptocurrency with respect to whether it holds support or falls.
So, XRP is in a kind of decision-making phase where it may shortly reach the support level of $1.70. A price action of this magnitude will be crucial in determining the following most significant move that XRP will take in its moving trend.
What’s Next? Range-Bound Market?
XRP has been continuously pushing up against the $2.16 mark and it is a pretty strong resistance area. The Price tried to price above this level so many times but always gets a huge sell off, it lead to a reversal. As of now it appears the token is headed towards down where the next big support is at $1.70. This support level has been held in the past, so likely the strength of it will decide if price is going to stabilize or fall further.
Market moods at the moment should be telling us that XRP is anticipated to retest this significant support again. A break of this price ceiling at support would most likely lead to push down towards some other price levels. If XRP is to hold onto this level it may well come back and try and push in through touch resistance at $2.16 again. Monitoring of these levels by traders is to enable breakout or breakdown signals to be given.
XRP at the moment is saying the price of it is in the range-bound market, where the price has a resistance at $2.16 and support at $1.70. Such actions of this sort would lead to price consolidation, oscillating in a narrow range and, in addition, a broad breakout or breakdown movement. Over the next weeks, XRP can keep re-testing these huge levels and traders seek for any indication of the bulls or bears shift.
After that, these price levels would impact heavily the future chart of XRP. If it is unable to break $2.16 or falls below $1.70 then the market will become very unstable. On the other side, if XRP smashed past $2.16 with enough momentum, it will likely set up a new trend and go on to add higher price. On the other hand, if the price fails to break down $1.70, this will suggest that an ongoing downtrend is in place and the subsequent support levels will be established.
Volume and Market Sentiment Play Key Roles
Volume is important when it comes to the metric that has been used in evaluating the price action of XRP over these key support & resistance levels. The rising volume as price near these points is an indication that the market is at the time within the movement-breaking breakdown.