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XRP is in the face of a powerful level of resistance on its way to a price level 3 USD and above, and the last 24 hours are witnessing a kind of rejection at this level of resistance. The price of XRP gradually built a shoot in May, which leads to a rapid movement towards the upper range of $ 2.60. On May 12, XRP has briefly affected $ 2.63 Before slightly withdrawingNow around USD 2.57 trades.
Directly, it is the main resistance of USD 2.69, and technical analysis shows that this zone now has the key to whether XRP CContinue Marching in the direction of USD 3.00 or go to consolidation.
USD 2.69 resistance is technical at the price of XRP
The Casitrades Crypto analyst emphasized the 2.69 USD price point as an critical level of resistance for the XRP price. According to the chart of an analyst that accompanies Post on the social media platform xThis level is represented by the drawing of 0.236 Fibonacci from the High Historian XRP and is a key level for observing the correction.
In particular, this zone has led to many regaining since December 2024, and each attempt to quickly enter the defense. It turned out to be even complex to break when XRP broke up to reach USD 3.3 in January, and the order block was created in the time of Daily Candlestick. Before the next rally above him.
As the cryptographic analyst noted, the shoot indicators remained relatively muted during the last XRP rally. Krypto also ended the full number of 5-balls Elliott from the analyst. However, instead of withdrawal, the price slowly pressed forward along with the rest of the cryptocurrency market. The leisurely, controlled Push higher, often signals Sturdy demand, powerful trend and ponderous accumulation.
At the moment, the only thing left to be done is to see how the XRP price works with a resistance of USD 2.69.
Breakout or rejection: two opposite results with a substantial blow
The analyst warns that USD 2.69 can be a final barrier before XRP is cleaned in the direction of USD 3.00 and more. Confirmed breakthrough, preferably with a powerful daily candle close to this level, would annul the miniature -term bear pressure and cause the course above this level.
However, if $ 2.69 once again turns out to be too powerful for bulls to overcome, Altcoin can enter the momentary cooling phase. In this case, the next level of logical support is around USD 2.30, which is close to the level of rebirth of Fibonacci 0.382. This is another breakthrough zone/reflection that can offer a fit reset at the price of XRP.
In both scenarios, it is expected that the price of USD 2.69 Set the tone to the rest of May And determine if XRP can extend its stubborn 2025 trend. At the time of writing, XRP trades $ 2.57, which is an escalate of 4% in the last 24 hours.
A distinguished picture from Getty Images, chart from TradingView.com
