Artem Voloskovets
⬤ XRP showed little excitement on Wednesday, staying pinned below major resistance zones that have blocked any real recovery lately. Trading around $2.16, the token's trying to find its footing after sliding in recent weeks. The chart's telling a pretty clear story—XRP just isn't looking strong right now, and there's no convincing sign that bulls are ready to take control.
⬤ The technical picture shows XRP respecting some important boundaries, with resistance sitting around $2.31 and a broader supply zone up near $2.61. Price keeps bouncing around inside this range without managing to push through the middle ground. There's also a pattern of lower highs forming, which doesn't exactly scream bullish momentum. On the downside, support around $2.05 is the line in the sand—if that breaks, things could get messier.
⬤ Recent price action shows XRP struggling to build any real upward pressure. The token keeps getting rejected near resistance levels, and the technical signals are sending mixed messages at best. That upper resistance zone closer to $3.00 feels pretty far away right now, and despite some short-lived bounces, buyers haven't really stepped up in any meaningful way.
⬤ What happens next around these levels matters. If XRP can finally push above the $2.31-$2.61 resistance cluster, it might flip the script and get traders interested again. But if support near $2.05 gives way, we could see another leg down. For now, it's a waiting game, with everyone watching to see whether strength shows up or weakness takes over.
Artem Voloskovets
