The XRP price has pulled back from its recent high of $2.65 but continues to trade above critical technical support levels, keeping the door open for a potential rally toward $3.00. As of the latest data, XRP is holding steady above $2.50 and remains supported by key moving averages, suggesting that the broader uptrend may still be intact despite short-term volatility.
After a strong two-week rally that carried XRP from $2.12 to $2.65, the market entered a correction phase. This move mirrored broader bullish momentum across the cryptocurrency sector. Bulls successfully pushed XRP through major resistance zones, including $2.50 and $2.55, before testing $2.60 and briefly reaching $2.65. However, this level acted as a short-term ceiling, triggering profit-taking and a wave of long liquidations.
Technical Outlook: Support Holds, Uptrend Intact
Despite the pullback, XRP’s technical structure remains constructive. The price is currently trading above both the $2.50 psychological level and the 100-hour Simple Moving Average (SMA), which are key indicators of short-term bullish sentiment.
An important trend line with support at $2.55 on the hourly chart was broken during the correction, signaling a temporary loss of momentum. However, this does not necessarily invalidate the larger uptrend. As long as XRP holds above $2.42—the baseline support level—analysts remain cautiously optimistic about a resumption of upward movement.
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Key resistance levels to watch include:
- $2.55 – Initial resistance from recent consolidation
- $2.58 – Short-term hurdle
- $2.60 – Psychological and technical barrier
- $2.65 – Previous high, now acting as resistance
A decisive move above $2.65 could open the path to **$2.72, followed by $2.75**, and eventually **$2.88 if bullish momentum regains strength. The ultimate target of $3.00** remains within reach if market conditions remain favorable and investor confidence holds.
On the downside, immediate support rests at $2.51**, followed by **$2.48 and $2.45**. A stronger support zone lies at **$2.42, which aligns with the 61.8% Fibonacci retracement of the recent upward move from $2.42 to $2.65. Should selling pressure intensify, longer-term EMAs come into play:
- 50-day EMA at $2.27
- 100-day EMA at $2.25
- 200-day EMA at $2.00
A drop below these levels would signal a deeper correction and could delay any near-term push toward $3.00.
Market Dynamics: Liquidations and Declining Volume
The derivatives market has seen significant activity during this pullback. According to CoinGlass data, total liquidations reached $10.14 million** in the past 24 hours, with **$8.44 million coming from long positions—more than four times the amount from short liquidations ($1.69 million). This imbalance indicates aggressive profit-taking by leveraged traders who had bet on continued gains.
Additionally, trading volume has cooled considerably, falling to $8.69 million** from nearly **$19.5 million just days earlier. Open interest also declined by 1% to $5.41 billion, reflecting a reduction in leveraged exposure and a shift toward caution among traders.
These metrics suggest that speculative fervor has temporarily cooled, likely due to profit-taking after a rapid ascent. While this can create short-term downward pressure, it may also set the stage for a healthier, more sustainable rally if buying interest returns.
Network Fundamentals: Activity Decline Raises Questions
Beyond price action, network health provides insight into underlying demand for XRP.
Data shows a notable decline in network growth over recent months:
- January: ~16,000 new addresses
- May 7: ~3,400 new addresses
This represents a 78.7% drop in user activity and address creation on the XRP Ledger—a concerning trend for long-term investors. Reduced network engagement often correlates with weaker organic demand, which could limit XRP’s ability to sustain aggressive price increases without broader market tailwinds.
However, it’s important to note that network metrics don’t always move in lockstep with price, especially during periods of speculative trading driven by macroeconomic factors or regulatory sentiment.
Despite declining activity, technical indicators continue to signal bullish momentum:
- MACD: Remains above the center line with green histogram bars, indicating sustained buying pressure.
- RSI: Currently at 63.34, moving toward neutral territory (50), suggesting momentum is cooling but not yet bearish.
Can XRP Reach $3.00?
The path to $3.00 remains technically viable—but not guaranteed.
For XRP to achieve this milestone, several conditions must align:
- A rebound above $2.65 with strong volume
- Sustained trading above the 100-hour SMA and 50-day EMA
- Renewed interest from institutional and retail investors
- Improved network activity or positive developments around Ripple’s ongoing legal landscape
While network fundamentals show weakness, the technical structure still favors bulls in the medium term. The combination of strong moving average support and positive MACD readings suggests that this pullback may be a healthy consolidation rather than the start of a reversal.
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FAQ: Common Questions About XRP’s Price Movement
Q: Is XRP still in an uptrend despite the recent drop?
A: Yes, technically speaking, the uptrend remains intact as long as XRP holds above key support levels like $2.42 and maintains its position above major moving averages.
Q: Why did XRP pull back after reaching $2.65?
A: The pullback was likely triggered by profit-taking and long liquidations after a rapid rise. High leverage in the market amplified selling pressure once resistance was tested.
Q: What are the main resistance levels for XRP now?
A: Key resistance zones are at $2.55, $2.58, $2.60, and $2.65. A close above $2.65 could trigger a retest of higher highs.
Q: How important is network activity for XRP’s price?
A: While price can rise on speculation alone, sustained growth typically requires strong network fundamentals—such as increasing users and transaction volume—to justify higher valuations.
Q: Could XRP reach $3.00 in 2025?
A: It’s possible if bullish momentum returns and broader crypto market conditions remain favorable, especially if regulatory clarity improves for Ripple.
Q: What would signal a bearish reversal for XRP?
A: A breakdown below $2.42 with high volume, coupled with a bearish MACD crossover and drop below the 50-day EMA, would suggest a more serious correction.
Final Thoughts: Patience Amid Volatility
XRP’s journey toward $3.00 is entering a critical phase. While the recent pullback has introduced uncertainty, the technical foundation remains supportive of further gains if buyers step in soon.
Traders should monitor volume trends, liquidation data, and key support/resistance levels closely over the coming days. Any resurgence in network activity or positive regulatory news could act as catalysts for renewed upward momentum.
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For now, patience is key—this correction may simply be part of a larger bullish formation setting up the next leg higher.
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