Usman Salis
XRP is sitting at one of those moments that could define its next major move. The cryptocurrency has been dancing around a critical price level that has traders on edge, and what happens next could either spark a massive rally or send it tumbling back down.
XRP Price Tests Critical $2.90 Resistance Level
Right now, XRP is trading around $2.98, practically knocking on the door of that stubborn $2.90 resistance zone. This isn't just any ordinary price level—it's been acting like a brick wall for the token, and breaking through could be the key to unleashing some serious upside.
According to trader @WispOfDefi, this is the moment XRP bulls have been waiting for. If the token manages to punch through this resistance cleanly, we could be looking at a potential 228% rally that would take XRP all the way to $10. That's not pocket change we're talking about—it's the kind of move that could turn heads across the entire crypto space.
The weekly chart is painting a pretty compelling picture for the bulls. Technical indicators are suggesting that a breakout here wouldn't just be a quick pump, but could signal the start of XRP's strongest bullish phase in quite some time.
What Happens if XRP Price Breaks Down?
Of course, not everything's sunshine and rainbows in crypto land. If XRP fails to break through that $2.90 ceiling, there's a real risk it could slide back down to test support around $2.00. That's where things get interesting from a risk management perspective.
The $2.00 level isn't just some random number—it's been acting as a crucial safety net for XRP bulls. As long as the token can hold above this support, the long-term bullish outlook stays intact. But if we see a breakdown below $2.00, it could spell trouble and potentially push XRP into a much lower trading range.
The setup is classic: we've got clear resistance above and solid support below. It's one of those textbook scenarios where the next move could be decisive. For traders keeping score at home, this is exactly the kind of technical setup that can lead to explosive moves in either direction.
Usman Salis
