XRP Holds Strong Above $2.14 Despite Market Tensions
XRP is showing resilience in the face of broader market uncertainty, holding support near $2.14 and maintaining an ascending price structure. Despite recent crypto market liquidations triggered by geopolitical unrest, the Ripple-linked asset continues to form higher lows, consolidating within a tight $2.14–$2.18 trading band.
This price action reflects buying pressure and accumulation, even as other major altcoins post minor declines.
Technical Patterns Hint at Imminent Breakout
XRP is currently trading within an ascending channel, with repeated tests of the $2.18 resistance level. On multiple occasions, price action attempted to breach this ceiling but failed to gain momentum, forming a tight triangle pattern with rising support.
Bollinger Bands are compressing, and RSI sits neutral near 52, suggesting that volatility is building and a breakout may be approaching. Technical analysts highlight the formation of a symmetrical compression zone, a pattern that often precedes large price moves.
If $2.18 breaks with volume, XRP could target macro resistance near $2.60.
Price Action and Volume Trends
Over the last 24 hours, XRP traded within a 3.81% range between $2.143 and $2.182. A key support test occurred at 07:00, where XRP bounced from $2.143 on a volume spike of 50 million units, confirming buyer strength at lower levels.
Throughout the session, resistance at $2.179–$2.182 held firm despite several retests. In the final hour of trading, XRP dropped 0.7% to $2.167 after a volume surge of 1.7 million, briefly breaking below minor support at $2.170, but the price quickly recovered and formed a higher low.
Market Outlook
XRP’s current setup draws parallels with its late 2017 consolidation, which preceded a major rally. While some analysts remain cautious, the long-term structure is testing the upper boundary of a descending channel, with macro resistance near $2.60.
If the broader crypto market remains stable and macroeconomic triggers align favorably, XRP may be poised for a strong upside move, provided $2.14 support continues to hold.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.