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Amidst ongoing market instability and volatility, the XRP price maintained support levels, even as many altcoins crashedthis past week. A well-known crypto pundit has spotlighteda critical resistance level at $2.3, saying that XRP’s next move will largely depend on whether it can successfully break through this barrier. XRP Price At $2.3: A Make Or Break Point
According to AMCrypto, an analyst on X (formerly Twitter), XRP had been maintaining strong support at $2. Compared to other altcoins that experienced severe price crashesearlier this year, XRP was one of the few that didn’t fall below the February capitulation price. Related Reading Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3 55 minutes ago
The $2 price level was a key support zonethat acted as a barrier for XRP, as buyers stepped in to prevent further price decline. Notably, XRP had been consolidatingjust above this point for the past few months, showing immense resilience amid broader market volatility driven by news of the United States (US) tariff plans. However, recently XRP has dropped below $2and is now trading at $1.68.
AMCrypto has shared a price chart, highlighting that XRP recently broke out of a Descending Triangle pattern— a formation usually associated with strong price moves. However, for this breakout to have real momentum, the altcoin must push past the critical resistance level at $2.3. Source: AMCrypto on X
If XRP manages to clear this resistance level, the analyst predicts that its price could experience a rapid push toward the $3.00 – $3.20 region, marking new highs. Looking at the analyst’s price chart, historically, the token has experienced two strong breakouts from similar Descending Triangles. The most recent triangle saw XRP break above the $2.3 resistance zone with strong bullish candles.
AMCrypto has warned that without a decisive breakout above the $2.3 resistance, XRP’s price action will likely remain confined in a wider consolidation range. This does not bode well for a short-term momentum, as it would limit further upward movement for the cryptocurrency until stronger bullish confirmation emerges. Analyst Predicts Price Crash To $0.6
The XRP price appears to be mirroring the broader market’s bearish trend, plunging by approximately 20% in the last 24 hours, according to CoinMarketCap. The cryptocurrency has also declined by 30% over the past month, highlighting sustained downward pressureand waning investor confidence. Related Reading Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits 1 week ago
In a recent poston X, crypto analyst Jesse Colombo pointed out XRP’s recent breakdownbelow key support zones, warning that the cryptocurrency is likely headed for an even deeper price crash to $0.6. The analyst highlighted the formation of a Head and Shoulder patternon the price chart, a classic bearish reversal signal that often precedes a significant downward move.
With XRP’s price currently trading at $1.68, a decline to $0.6 would represent a significant 64% decrease. Notably, AMCrypto has identified new support levels between $2 and $2.2, indicating that a rebound to this range could act as a critical barrier against further downside for the altcoin. XRP trading at $1.7 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com