XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level
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XRP is trading at a critical level, setting a possible breakthrough. Altcoin has been one of the best performers since November 2024, maintaining its strength even when struggling with a wider market in terms of uncertainty. With new interest in altcoins and speculation about cryptocurrency recovery, analysts believe XRP may be one of the biggest stakeholders of the bullish momentum return.
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According to GlassNode’s chain data, the $2.40 level is the most critical resistance to XRP. UTXO is aware that the price distribution (URPD) indicator shows that the price revolves around large supply, which makes it a key level for Altcoin’s next move. A decisive breakthrough above this resistance could trigger strong rally and potentially push XRP to new highs.
Market sentiment remains chaotic as macroeconomic concerns and volatile trade terms continue to affect price action. However, XRP’s ability to be above critical support levels suggests that the Bulls are preparing A major push. If buying pressures are intensifying and XRP clears the $2.40 score, it could mark the beginning of a strong upward trend, positioning Altcoin as the next phase of market recovery.
XRP remains strong, but faces key resistance at $2.40
Macroeconomic uncertainty and extreme volatility have both shaken the crypto and stock markets, leading to panic sales and fear-oriented trading. Although many AltCoins, including Solana and Ethereum, face steep corrections, XRP’s ground is relatively good. Altcoins remain one of the most powerful performers since the end of 2024, and it stands at a critical level that can determine its next major action.
To confirm the uptrend, the Bulls must stay above the critical demand level and push XRP toward the resistance zone. However, breaking through areas with heavy supply remains a challenge. Top analyst Ali Martinez Shared insights on Xciting the glass section data with $2.40 as the most critical resistance level for XRP. UTXO is aware of the price distribution (URPD) indicator that a large amount of XRP was previously performed at this level, making it a key supply area.
The URPD indicator analyzes the position of the most last moving coins on the last chain. This helps traders determine price levels with high buying and selling activities. Many holders previously obtained XRP at this price when the asset approaches URPD resistance levels. If price action struggles in the area, it indicates that supply is large and may lead to profitability. But if XRP breaks through, it marks strong demand, clearing the way for higher price targets.
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With XRP mergers below this critical level, traders are paying close attention. If the Bulls successfully push XRP above $2.40, there may be a subsequent breakout rally, potentially pushing the price to new highs. On the other hand, failure to break through this resistance may lead to further mergers or even short-term declines. The next few sessions are crucial to determine the trajectory of XRP.
Investors pay attention to a breakthrough of over $2.50
XRP is currently trading at $2.31, after a 29% increase of $1.89. The Bulls are trying to maintain this price range and push up resistance over $2.50, a key level that can confirm the uptrend. A successful breakthrough will lay the foundation for XRP to reach target range highs and further price increases.
However, resistance is still strong and the Bulls need constant motivation to restore key supply levels. If XRP fails to exceed $2.50, the seller may step in, resulting in a possible answer. A drop below $2.20 will indicate a short-term loss of strength and may trigger a retest of lower support levels.
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Market sentiment and broader crypto trends will play an important role in the next step of XRP. As macroeconomic uncertainty still affects risky assets, traders are paying close attention to whether the bulls can maintain the rally, or whether they are correcting it. The next few meetings are crucial to determine whether XRP can extend its earnings or face sales pressure.
Featured images from DALL-E, charts from TradingView
