[ccpw id="39382"]

HomeCrypto NewsAnalysisXRP Must Close Above This Key Resistance for a Move to $2.6

XRP Must Close Above This Key Resistance for a Move to $2.6

Date:

Written By:

Follow TheCryptoBasic

XRP shows bullish momentum, but it must break key resistance on the daily chart to unlock its next upside target.

Notably, XRP is trading around $2.20, extending its latest advance with a strong 24-hour performance. The coin is up roughly 9.2% on the day, as steady buying interest has pushed price firmly higher from intraday lows. According to the 24-hour chart, XRP has moved within a daily range of $2.00 to $2.21, with most of the session spent grinding upward after an initial consolidation near the lower bound.

The move has lifted XRP’s market cap to about $132.5 billion, supported by more than $4.6 billion in trading volume over the same period. With price now holding near the upper end of its range after a sharp intraday spike, traders are watching to see whether bulls can maintain momentum and turn this break into a more sustained push.

- Advertisement -

Can XRP Close Above Key Resistance?

On the technical end, XRP is attempting to stabilize above the $2.10 to $2.20 zone after a recent correction that saw the coin at a bottom around $1.82. The price is now testing the upper band of the 1-day Fibonacci framework.

The chart shows the key retracement levels derived from the swing low near $1.81 and the recent peak at approximately $2.28. This places XRP just above the 0.236 Fibonacci level at $2.17, which had formed the first strong overhead resistance.

XRP 1-Day Chart
XRP 1 Day Chart

A daily close above this threshold would open the path toward the broader resistance region stretching toward $2.28, where previous selling pressure emerged. Until that breakout is confirmed, the zone overhead remains the primary supply region that bulls must reclaim to resume the broader uptrend.

On the downside, XRP has formed multiple layered support cushions that traders are closely watching. The nearest support sits at the 0.382 level around $2.10, followed by deeper areas at $2.05 (0.50 Fib) and $1.99 (0.618 Fib), which collectively form the strongest demand cluster. Should price lose this structure, the next significant defense comes at $1.91 (0.786 Fib), with a full retracement back toward the $1.81 low if bearish momentum intensifies.

Meanwhile, the MACD offers gradual bullish confirmation, with the MACD line crossing above the signal and the histogram turning green, indicating accumulating buying interest and early upside momentum.

Overall, XRP sits at a sensitive technical point: holding above key mid-Fibonacci supports keeps the recovery bias intact, while reclaiming the $2.17–$2.28 resistance range remains the critical trigger for a stronger bullish continuation to levels like $2.6.

XRP Futures Flows

Notably, XRP derivatives data further shows a noticeable shift in futures positioning over the last day. In the past 24 hours, futures venues recorded about $1.76 billion in inflows against $1.72 billion in outflows, leaving a net inflow of roughly $38.35 million and a net change of about +165%. 

XRP Futures Flows
XRP Futures Flows

The 8-hour window also prints a modest positive skew, with a $7.74 million net inflow and a sharp uptick in the net-change percentage. This suggests that, intraday, traders have been adding exposure on the long side or closing short positions as XRP’s spot price stabilizes above the $2 level.

However, the picture over a slightly longer horizon still reflects caution. Specifically, the 12-hour flows show a small net outflow of about $791,000, hinting that some participants used earlier strength to trim risk, and the 3-day reading remains negative with around $96.77 million in net outflows, even though the net-change percentage has improved. 

Taken together, the data suggests short-term futures sentiment has turned constructive again. However, the lingering three-day outflows indicate that a portion of the market is still in de-risking mode.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

More from Author

Latest Stories

Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price. Shiba Inu's...

Solana Prediction for Jan 19: SOL Faces Stiff Resistance but Analyst Eyes Rebound to $145

Solana faces resistance at key levels, but a potential rebound from support could trigger a rally toward previous highs. The Solana (SOL) price has experienced...

Bitcoin Price Analysis: BTC Struggles at Critical Support as $230M in Liquidations Shakes Market

Bitcoin faces pressure at key support levels as liquidations rise, with geopolitical tensions and market volatility influencing price action. The recent Bitcoin (BTC) slide, tumbling...

Binance CZ: Bitcoin Reaching $200,000 “Is the Most Obvious Thing in the World”

Bitcoin could climb to $200,000 as regulatory pressure eases and BTC becomes more embedded in global financial markets, according to Binance founder Changpeng Zhao. Zhao...

XRP vs Ethereum: Can XRP Catch Up by 2030?

As XRP continues to trail Ethereum in the global crypto rankings, discussions persist around the prospect of a “flippening.” In 2025, many industry leaders and...

Ethereum Price Analysis for Jan 15: Where Next as ETH’s 50-Day MA Flips to Support?

Ethereum shows improving momentum, holding above key support levels, with traders eyeing potential upside. Ethereum (ETH) has seen a 1.1% pump in the past 24...

Why the Next Major XRP Breakout May Come When No One Expects It

The next major XRP breakout is unlikely to arrive with warning, according to market watchers. Indeed, XRP price continues to struggle around $2, frustrating holders....

‘XRP Is Perfectly Positioned for a Move as Early as Tomorrow’: Details

XRP is showing signs of an imminent move, as the current chart structure and volume behavior suggest the market is preparing for action. This observation...

Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price. Shiba Inu's...

Shiba Inu Analysis for Jan 15: Shiba Inu Must Hold Above This Bollinger Band Support: What’s Next?

Shiba Inu must hold above the middle Bollinger Band support to reverse the current price action. Shiba Inu (SHIB) has experienced a 2.3% decline in...

Dogecoin Prediction for Jan 16: Resistance Holds But Analyst Eyes Massive Surge to $9

Dogecoin faces resistance, but analysts predict a potential surge if key indicators align. Dogecoin (DOGE) changes hands at $0.14 during this press, a 2.6% decline...

Dogecoin Prediction for Jan 14: Can DOGE Hold on Breakout Zones as Long Positions Dominate?

Dogecoin has broken key resistance levels, but can it hold above support and sustain bullish momentum? Notably, Dogecoin (DOGE) has recorded a strong bullish session...

Guides