Recent Market Performance
At the beginning of 2025, XRP attracted widespread attention with a rise of over 25%, with a market cap exceeding $138 billion, firmly holding the position of the third largest cryptocurrency. However, despite the price hovering near resistance levels, the fatigue of the bulls raises concerns in the market, and insufficient trading volume makes breakthroughs difficult. The question is whether XRP can successfully launch a new bullish offensive under the current momentum.
Resistance Level Analysis: Bears Strongly Control the Situation
Key Resistance: XRP has attempted to break through $2.5 multiple times without success, showing that the bears are firmly in control at this level. Technical Signals: On the daily chart, the RSI shows signs of a new low, suggesting a potential further retracement in the short term. However, the bullish crossover of the Bull Market Support Band (BMSB) indicates that the trend is tilting towards the bulls.
Bullish Counterattack: Can $2.5 be Broken?
Symmetrical Pattern Breakthrough: The price has risen above the symmetrical pattern, indicating that a bullish trend may be starting. Insufficient Trading Volume: Concerns persist as trading volume has continued to decline recently, limiting the momentum for significant price increases. Low trading volume may trigger market squeezes, leading to sudden price explosions.
Possible Trends in the Coming Days
Bullish Scenario: If the bulls accumulate strength to break through $2.5, XRP may welcome a new wave of upward momentum, with the next target aiming at $3. Bearish Scenario: If it fails to break through, the price may retrace to the support range and continue sideways consolidation.
Uncle Zhao's Comment
The current situation of XRP is complex; a breakthrough of $2.5 in the short term relies on more trading volume support. However, signs of a bullish trend are beginning to emerge, possibly brewing a major explosion. Investors need to closely monitor trading volume and RSI trends to seize key opportunities.
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