NewsBTC
Oct 23, 2025
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XRP Holds $2.38 Support as Breakout Pressure Builds

XRP is currently maintaining a position above the $2.38 support level, hinting that bullish control may persist. Observers are watching for a potential breakout to boost bullish momentum.

Price Movement and Resistance Challenges

  • XRP showed initial strength by rebounding from the 50-day SMA, reaching approximately $2.52, signaling buyer interest.
  • However, momentum weakened before reaching the 100-day SMA, indicating potential chart weakness.
  • The RSI trendline is crucial; a breakdown could lead to further declines, reinforcing bearish market sentiment.

XRP

The situation remains uncertain. XRP needs to hold above $2.38 and maintain its RSI trendline strength to avoid downside risks.

Critical Resistance Levels

  • MakroVision Research notes XRP halted its decline in the lower Golden Pocket ($1.40-$1.55) and has shown recovery.
  • XRP is approaching a resistance range between $2.48 and $2.65. Failure to break this could lead to temporary consolidation.
  • If XRP breaks and sustains above $2.65, it could lead to gains toward $3.06, signaling renewed bullish momentum.

The analyst highlights XRP's targeting of the Golden Pocket and recovery as signs of active buyers defending key zones. The major test will be surpassing the $2.65 resistance to facilitate a broader rally.

XRP