Ripple’s Token Faces Rejection at Resistance as Traders Watch Key $2.50 Support
XRP (Ripple) slipped on Thursday, easing from $2.63 to $2.59 after an attempted breakout above the $2.67 resistance zone failed to hold. The move came amid a sharp increase in trading activity, with nearly 392.6 million XRP tokens exchanging hands — about 658% above its recent daily average, signaling heavy profit-taking pressure at higher levels.
The rejection capped what appeared to be a short-lived bullish attempt that followed a week of accumulation near the $2.45–$2.55 demand zone. Despite the brief rally, sellers quickly regained control, pushing the price back below the intraday highs and signaling that the resistance area around $2.67 remains a key technical barrier.
Technical Setup and Market Reaction
According to BitXJournal market analysts, XRP’s recent movement fits within a broader consolidation structure visible on the daily chart. The token is trading between a major support at $2.40–$2.50 and a resistance band near $2.85–$2.70, with momentum oscillators showing neutral bias.
“The failed breakout reflects hesitation among buyers as liquidity thins near upper resistance,” BitXJournal technical strategist noted. “If XRP holds above $2.50, we could still see another retest of $2.70, but a breakdown could drag it back toward the $2.25 area.”
The volume spike of over 650% highlights increased volatility and speculative trading behavior, often seen during resistance retests. On-chain data also suggests short-term holders were the primary sellers, realizing quick profits from the latest bounce.
The move coincided with broader market softness following Federal Reserve Chair Jerome Powell’s comments earlier this week, which dampened risk sentiment across digital assets.
For XRP to regain bullish momentum, it must close decisively above the $2.67 resistance zone — otherwise, the risk of a pullback toward the $2.45 support remains high.
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.