Alex Dudov
XRP (Ripple) is entering a decisive technical phase after recovering from a deep sell-off and stabilizing beneath a key resistance line. The market is now watching closely to see whether bulls can reclaim the crucial $2.38 level, which could signal renewed upside momentum.
XRP Approaches a Crucial Resistance Threshold
The latest update from Crypto Tony highlights the importance of the $2.38 level, noting that a reclaim may offer a clear signal for traders seeking fresh momentum.
The 2-hour XRP/USDT chart shows a sharp recovery from the $2.17–$2.20 zone, confirmed by aggressive dip-buying. Price briefly spiked through $2.38 but was immediately sold back down, consistent with a liquidity sweep. The pattern of higher lows shows buying interest is steadily increasing even as price consolidates.
Why the $2.38 Level Matters Right Now
The $2.38 level was previous support before the drop and is now acting as resistance. Above this level lies liquidity from the previous range, which could fuel a stronger upward move. A reclaim of $2.38 would mark the first higher high in the current recovery sequence, serving as the technical pivot that will likely determine XRP's next larger move.
Market Context: Why XRP Is Stabilizing
XRP's quick recovery can be attributed to improving sentiment across the crypto market, renewed confidence in XRP's utility in cross-border settlement, rising risk appetite as macro pressures ease, and growing investor interest following regulatory developments around Ripple.
Key Price Levels to Monitor
On the resistance side, $2.38 remains the reclaim level that traders are focused on, followed by $2.46–$2.50 and $2.60+ if momentum strengthens. For support, $2.30–$2.32 serves as immediate support, with $2.20 representing structural support and $2.17 marking the recent wick low. A rejection from $2.38 risks sending XRP back toward lower supports, especially if buyers fail to defend $2.30.
XRP Nearing a Technical Turning Point
XRP is sitting just below a major resistance level that continues to attract significant trader attention. The recovery structure is improving with higher lows and steady buying pressure, but bulls still need confirmation above $2.38 to regain control. If XRP secures a sustained move above this threshold, it could set the stage for a new leg higher into the $2.50–$2.60 region.
Alex Dudov
