XRP Holds Strong Above $2.25 but Struggles to Break $2.69 Resistance; Bullish Trend Hinges on Breakout or Risk of Drop Toward $1.50 Remains

XRP is holding steady above a crucial support level of $2.25, signaling underlying bullish strength despite the broader market correction.

Crypto analyst CasiTrades is highlighting the importance of a breakout for XRP.

"XRP is holding $2.25 and building structure, but needs a breakout above $2.69 to confirm a bullish trend. Also, still no new local high, which is needed to fibs. 0.382 is now support."

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XRP/USD 4H Chart: Key Levels to Watch

Technical analysis shows that XRP is facing a strong resistance at $2.69. Several times in May alone, the price reached that level but failed to break through.

For example, on May 12, XRP touched $2.65 but faced strong selling pressure as buyers failed to sustain the rally.

Later, on May 14, another attempt to break above $2.69 was met with heavy resistance, which pushed the price lower again.

Between May 14 and 17, XRP's price dropped by more than 8.85%, showcasing the magnitude of the selling force.

As long as XRP trades below $2.69, analysts note that a broader correction to reach lower lows of $1.50 is still on the cards.

What Next For Ripple (XRP)?

According to CasiTrades, XRP is now in a Wave 4 consolidation, which usually signals a period of sideways movement as the market builds structure for a final push higher or lower.

In the past 24 hours, XRP posted a modest 0.8% gain, with a daily close at $2.3950.

The crypto is testing a short-term resistance at $2.375, which triggered a bounce on Monday. However, at the time of writing, XRP is trading slightly below that level again.

Key Levels To Watch

The analyst noted that holding above $2.375 will be critical for any continued upside.

An breakdown below that fib level could open the door for another retest of the $2.25 support—and possibly lower.

"Breaking above $2.69 with good momentum could see a measured move to new highs at $3.46. This would be the 1.618 Fibonacci extension from the recent swing low to high."

CasiTrades adds that institutional adoption and market trends will ultimately decide the fate of XRP's price in the coming months.