Ripple’s XRP has been one of the more dynamic cryptocurrencies in recent weeks, experiencing a notable price increase of over 15% in the past seven days. As of January 6, 2025, XRP is trading around $2.42, with many investors closely watching the cryptocurrency’s price action for potential signs of further movement. However, XRP faces a significant challenge: the $2.50 resistance level.

In the past few days, XRP has been showing signs of volatility, but it has consistently adhered to its support and resistance zones. While the larger trend for XRP remains bullish, it is crucial to analyze the current micro-movements on smaller time frames to understand where the price may be headed in the short term. With XRP’s price rejecting resistance near $2.50, the cryptocurrency’s trajectory over the next few days could hold the key to its immediate future.

Resistance at $2.50: Will XRP Finally Break Through?

For the past several days, XRP has been struggling to push past the $2.50 resistance level, which has acted as a significant hurdle. Despite several attempts to break through, XRP has faced rejection, suggesting that the current bullish momentum may be slowing down temporarily. On the 4-hour chart, there is a noticeable bearish divergence, signaling that the buying pressure could be waning.

While this divergence indicates a potential pullback, it may not last for long. Over the next 1-2 days, we may see a continuation of this short-term pullback, but experts suggest that the price could stabilize and begin to consolidate in the next few days. A confirmed breakout above the $2.50 level would mark a significant shift in the market, potentially leading to a stronger upward movement for XRP.

The key question for investors now is whether XRP can break this resistance or if it will continue to face rejection. If the $2.50 level holds, XRP may see further consolidation or a drop to lower support levels. However, if the resistance is broken, the market could quickly turn bullish again, leading to higher price targets.

Key Support Levels to Watch

If XRP continues to struggle with the $2.50 resistance and experiences a pullback, it is important to monitor key support levels that could act as a cushion for the price. These levels will be crucial in determining whether XRP can maintain its bullish momentum or if it will experience a deeper retracement.

• $2.32: This level has acted as a solid support zone in the past and could serve as the first line of defense if the price declines. A bounce here could signal that the bulls are still in control.
• $2.22: Another important support level that has held up well in previous price action. If XRP drops below $2.32, $2.22 could provide the necessary support to prevent a further decline.
• $2.13 – $2.14: This support zone is a critical level that could act as the final line of defense before XRP experiences a more significant drop. If this area is broken, it could signal a deeper pullback, potentially testing lower levels.

Additionally, $1.83 is the lower boundary of the descending channel, a key level to watch in case of a sharp decline. If XRP drops below this support, it may indicate a shift in market sentiment and could lead to further bearish price action.

What to Expect for XRP in the Coming Days

The next few days will be crucial for XRP. If the price manages to break above the $2.50 resistance, the cryptocurrency could enter a new bullish phase, with potential price targets of $2.60 or even higher. However, if the resistance continues to hold, XRP may experience a pullback toward its key support levels, particularly around $2.32, $2.22, and $2.13.

The key factor for XRP in the coming days will be whether the market can overcome the bearish divergence and regain momentum. If the bullish trend persists, XRP could continue its upward journey, but if the market sees further rejection at $2.50, it could signal a period of consolidation.