The XRP market is currently navigating a challenging technical landscape. With the asset trading around $2.10 and struggling to break through the $2.30 resistance barrier on weekly timeframes, chain data suggests downward pressure may intensify in coming sessions.
Selling Pressure From Exchange Activity
On-chain metrics reveal a concerning pattern: persistent inflows into major exchanges are creating sustained selling pressure on XRP. This indicates that holders are actively moving their tokens to trading venues, typically a bearish signal as it precedes distribution. The combination of these inflows and XRP’s inability to reclaim key resistance levels suggests buyers lack the conviction to push prices higher at current levels.
The Path to $1.50-$1.66 Support Zone
If the current downtrend continues, analysts are eyeing the $1.50-$1.66 support band as the next critical floor for XRP. This zone represents a significant psychological and technical level where buyers are expected to step in. However, the strength of these support levels will be tested if exchange flows continue unabated.
What’s Next for XRP?
The ripple curtain of technical resistance has prevented XRP from establishing a stronger bullish structure. Unless buying volume resurfaces and reverses the exchange inflow trend, further consolidation—or even a dip toward the mentioned support zone—appears likely. Traders should watch how XRP behaves near $2.30 resistance for clues about the next directional move.
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XRP Faces Critical Support Test: Can the Ripple Curtain Hold Above $1.50?
The XRP market is currently navigating a challenging technical landscape. With the asset trading around $2.10 and struggling to break through the $2.30 resistance barrier on weekly timeframes, chain data suggests downward pressure may intensify in coming sessions.
Selling Pressure From Exchange Activity
On-chain metrics reveal a concerning pattern: persistent inflows into major exchanges are creating sustained selling pressure on XRP. This indicates that holders are actively moving their tokens to trading venues, typically a bearish signal as it precedes distribution. The combination of these inflows and XRP’s inability to reclaim key resistance levels suggests buyers lack the conviction to push prices higher at current levels.
The Path to $1.50-$1.66 Support Zone
If the current downtrend continues, analysts are eyeing the $1.50-$1.66 support band as the next critical floor for XRP. This zone represents a significant psychological and technical level where buyers are expected to step in. However, the strength of these support levels will be tested if exchange flows continue unabated.
What’s Next for XRP?
The ripple curtain of technical resistance has prevented XRP from establishing a stronger bullish structure. Unless buying volume resurfaces and reverses the exchange inflow trend, further consolidation—or even a dip toward the mentioned support zone—appears likely. Traders should watch how XRP behaves near $2.30 resistance for clues about the next directional move.