XRP Is at a Critical Point Because It Has Remained in a Vital Support Region

The XRP price is exchanging hands around the $2.18 mark, indicating a slight $0.12% drop in the past 24 hours.

The cryptocurrency market continues to display mixed signals as major Federal Reserve moves and the lack of crypto guidelines for banks are raising concerns. However, a vital support region at $2.15 is keeping XRP afloat.

At press time, XRP is trading around $2.18, showing a 0.12% increase in the past 24 hours.

Crucially, 70% of market participants follow the 100-hour Simple Moving Average (SMA) to determine which direction XRP might take in the short term after a critical market movement. The upcoming periods will shape Ripple’s direction as traders analyze higher barriers to resistance and possible support levels below.

Key Resistance and Support Levels to Watch

XRP is encountering strong resistance at specific price points, while its support levels are becoming progressively weaker. The initial resistance point for this asset is observed close to the $2.20 price area.

After $2.23 and before the most recent price peak at $2.30, there are additional strong barriers for XRP. A successful upward breach of this level presents the opportunity for XRP to reach $2.35 and possibly extend even higher to $2.50.

The primary XRP support level is $2.15, while secondary positions are $2.10 and $2.065. Failure to maintain support above $2.15 will trigger an extended downtrend for XRP, as investors may seek lower levels if market sentiment deteriorates further.

Chart 1- XRP/USD 1-hour chart, provided by Aayush, published on TradingView, April 25, 25

The technical elements create an area of conflict where traders must operate. The bearish outcome for XRP requires the price to stay above the 100 SMA, and this strength will enable the bulls to maintain control of the market. Conversely, bearish sentiment will intensify as XRP falls below $2.10 and could push prices downward.

What Do XRP Technical Indicators Suggest?

Current XRP technical indicators display mixed signals for the short term. The hourly MACD indicator is showing decreasing strength in the bullish area, suggesting bearish trend crossovers unless XRP maintains strong momentum. Buyers anticipating recovery should be cautious since this serves as a warning signal.

The RSI is currently showing slight strength above 50. In this price area, traders demonstrate some hesitation because they are positioned between overbought and oversold areas but fail to fall into one category.

The downward movement of the RSI below 50 would confirm a short-term bearish trend, which could drive XRP towards its base support level.

The XRP bullish outlook requires a balanced or upward-moving RSI reading and no bearish signals from the MACD crossover. The next directional clues will become clearer when price actions match 100 SMA signals.

Is a Rally to $2.30 on the Horizon?

The XRP price action will largely depend on the performance of its 100-hour Simple Moving Average, which might serve as support for future bullish activity.

Rising from this support area might attract new market buyers, propelling the XRP price toward $2.30 and above. A decrease below the $2.15 support would likely initiate a more extended downward correction, boosting short-term bearish sentiment.