Usman Salis
⬤ XRP has rebounded from support around $2.37–$2.38, but the real test is just ahead. Two key resistance zones at $2.48 and $2.58 are now in focus—levels where the price could either break through or get pushed back down. The recent bounce aligns with the 0.382 Fibonacci retracement, and XRP briefly broke above a descending trendline, but the next move depends on whether buyers can power through these resistance layers.
⬤ The $2.48–$2.58 range is a high-confluence area where multiple technical factors line up—former support turned resistance, moving averages, and Fibonacci levels all converge here. If sellers hold their ground at these levels, XRP could drop back toward $2.38 or even $2.30. But if buyers push through, it would flip the near-term outlook bullish and open the door toward $2.63–$2.65. Traders should watch out for volatile liquidity pockets in these zones that could catch both longs and shorts off guard.
⬤ Right now, XRP is trading around $2.42, hovering just above local support. The big question is whether bulls can break cleanly through $2.48 and $2.58—a move that could spark fresh momentum not just for XRP, but across the broader altcoin market as well.
Usman Salis
