XRP Tests $2.48 Support as Momentum Fades - Rebound or Retest Ahead?

XRP is once again testing traders’ patience after a volatile week of ups and downs. The price rebounded more than 10% from the $2.35 daily support but ran straight into resistance at the lower boundary of a falling wedge - a pattern that often traps early buyers before the real move develops.

The setup now reflects indecision: buyers are holding ground, but momentum indicators show fading strength. For patient traders, this type of structure can turn into an opportunity once volatility compresses and direction becomes clear.

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The Technical Picture

After the bounce from $2.35, XRP stalled near $2.55 - a level aligning with both structural resistance and the wedge’s lower trendline. Sellers defended it quickly, sending price back toward the $2.48 zone.

Momentum indicators are neutral to weak:

• RSI is flattening below midline.

• MACD is showing limited follow-through on bullish crossovers.

This combination often signals a pause before resolution, not an immediate reversal.

Key Scenarios

🔴 Bearish Path

If sellers keep pressure on, XRP could revisit the $2.35 support zone for a retest. Losing that level would risk deeper retracement toward $2.20.

Weak RSI and fading MACD strength suggest bulls need time to reset before attempting another breakout.

🟢 Bullish Path

If buyers manage to reclaim $2.55, momentum could extend toward $2.83, which aligns with the 50-day EMA and previous breakdown zone.

Holding above $2.83 would confirm that bulls are regaining control and could set the stage for another leg higher.

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Market Context

Across crypto, volatility has cooled this week as broader risk sentiment fades. Renewed US-China tensions and the ongoing US government shutdown have dampened speculative appetite.

While Bitcoin and Ethereum ETFs still saw mild inflows, XRP’s futures Open Interest has dropped to $563M - the lowest in nearly a year. That decline highlights reduced trader activity and softer conviction.

In quieter phases like this, markets often build pressure beneath the surface. Volume dries up, but structure sharpens - a sign that the next move could be significant once fresh liquidity enters.

Trader Psychology

This type of slow market frustrates traders who crave action, but it rewards those who stay methodical. Falling wedges, in particular, test emotional patience - they form gradually and often break only when traders give up waiting.

The lesson here is simple: preparation beats prediction. Let price reveal intent, not emotion.

Bottom Line

XRP is holding above $2.35 but hasn’t shown strength beyond $2.55. The next move hinges on which side wins control of that narrow range.

• Above $2.55 → potential recovery toward $2.83.

• Below $2.35 → renewed selling pressure toward $2.20.

Momentum remains soft, so the market likely needs more time before choosing direction. Patience here is a position.

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Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.