XRP Regains Bullish Momentum, Surging Back From $2.25 to $2.41

input: XRP has regained bullish momentum following a sluggish start to May, aligning with the broader crypto market’s upswing. Over the past 24 hours, the token surged back from $2.25 to $2.41

Cryptocurrency prices often move in trends, and traders use technical analysis to identify these trends and potential turning points. In the case of XRP, a crucial resistance zone at $2.41 has been repeatedly capping upside moves since January, shaping XRP’s evolving macro trend.

As May began, there were signs that the token’s bullish momentum was slowing. Over the past 24 hours, however, the token rebounded from $2.25.

This move back up to $2.25 shows renewed confidence among investors, but there is still some uncertainty. As one trader, Aaron, pointed out on TradingView, that area is a tipping point.

“Still holding a short-term bullish bias as long as we don’t close below $2.20. Expecting a move up toward $2.50. A failure at this level would push the price back down toward about $2.20.”

While the daily chart for XRP may appear bullish, Aaron highlighted the overarching weekly downtrend.

“Unless there’s some type of bullish catalyst, I don’t think we’ll be able to sustain higher levels. But hey, you never know. Some type of news comes out and price just shoots up and blasts past $2.50 lol.”

Key Resistance at $2.25 in Sight

According to a technical analysis shared on X, the $2.25 resistance is a make-or-break zone for XRP.

It’s an area that price action has struggled to close above in early May, suggesting a lack of strong momentum to carry through a breakout. Additionally, it coincides with important Fibonacci retracement points, including 0.392 from January’s peak and the 0.118 level from April’s high, which converge at the $2.25–$2.27 zone.

These confluence points add to the significance of this area and increase the possibility of volatility as XRP works through these challenges.

Although the token remains in a strong position, a glance at the chart shows that from $2.077—a point equivalent to the 0.382 Fibonacci retracement—XRP’s rally is now facing strain.

At the point of resistance, buyers appear tired, and the repeated attempts at breaking through suggest that a local peak could be forming if momentum fails to carry through.

Fibonacci Levels Suggest Support at $2.00

The relative strength index (RSI) on the chart is now up at 72, which is close to overbought territory. This indicator suggests that the rally could soon stall or that a minor correction might occur.

With resistance remaining strong and momentum decreasing, traders are showing caution about buying at the current price levels.

If a rejection occurs, XRP could drop sharply to $2.00 or even $1.90, areas reinforced by the 0.5 and 0.618 Fibonacci retracements. These support points are set to serve as cushions, with a strong breakdown potentially further sapping bullish sentiment and resetting expectations for a renewed consolidation phase.