Key points:

• XRP tries to exceed the resistance worth $ 2.35, indicating a lack of demand at higher levels.

• The growing chances of approval of ETF XRP could catalyze the next stage of the XRP rally.

Eric Balchunas and James Seyffart, specialists from the Bloomberg stock exchange fund, design 95% XRP (XRP), Solana (SOL) and Litecoin (LTC) ETF by the American Securities and Exchange Commission in 2025.

Can XRP price consolidation act as a starting pad for the next higher movement or bears reduce the price? Let’s analyze the charts to find out.

XRP price forecast

The buyers exceeded XRP above the 50-day straight movable average (SMA) ($ 2.24) on Monday, but a long wick on the candlestick shows sales at higher levels.

The 20-day interpretation average (EMA) (EMA) (USD 2.17) is a key level to which you should be careful in the near future. If the price reflects from a 20-day EMA with strength, it increases the likelihood of a break above the resistance worth $ 2.35. If this happens, the XRP/USDT pair may boost to USD 2.65.

On the contrary, if the price breaks and maintains below 20-day EMA, it signals that bears are trying to take control. The couple can move to USD 2.06, and later to $ 2. The buyers are expected to defend the USD 2 with all their strength, because the closing below opens the door for a decrease to $ 1.61.

Related: XRP price forecasts above USD 3 in 2025 have one earnest disadvantage

The 4-hour chart shows that bears are rapidly defending USD 2.35. There is support in 50-SMA, but if the bears win, the couple may fall to USD 2.06. This is a critical level for Bulls for defense, because a break below USD 2.06 can sink a pair of up to $ 2.

On the contrary, if the price appears from the 50-day SMA, the bulls will try to push the pair to the reverse neckline of the head and shoulders. The break and closing over the neckline complements the stubborn configuration, which has a target of $ 2.76.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.