XRP, one of the most widely recognized cryptocurrencies, has once again fallen short in its attempt to break through a critical price resistance. The price of XRP recently surged toward the $2.2 mark, hinting at a potential breakout. However, this effort was met with rejection once more, marking the fourth consecutive week in which the cryptocurrency failed to overcome this key hurdle.

This ongoing struggle at the $2.2 resistance level has captured the attention of traders and market analysts, who have been closely watching XRP’s movements. For many, this moment represents a crucial turning point for the cryptocurrency as it grapples with increasing resistance in the market.

A Familiar Pattern: Rejection at $2.2

XRP’s repeated failure to surpass the $2.2 resistance zone is becoming a familiar narrative. Each time the cryptocurrency approaches this level, it seems poised to break through. However, the market has shown strong selling pressure every time XRP reaches this point, preventing it from holding gains above $2.2. This has resulted in XRP being trapped within a tightening price range, with no clear breakout in sight.

The latest rejection came after XRP touched $2.2, only to fall back down shortly after. This marks the fourth consecutive week in which the coin has failed to close above this critical resistance level. For traders, this repeated pattern is beginning to raise concerns about the cryptocurrency’s ability to gain upward momentum in the near future.

What’s Next for XRP?

With XRP continuing to face resistance at $2.2, there are two potential scenarios that could unfold in the coming days. If the price of XRP can finally break through the $2.2 level and maintain strength through the week, there is a possibility that the cryptocurrency could see a rally toward the next major resistance level at $2.4. This would mark a significant step forward for XRP, as it would confirm the breakout and set the stage for further price appreciation.

On the other hand, if the rejection at $2.2 persists, XRP could experience another pullback toward the $1.9 to $1.95 support zone, an area where the cryptocurrency has previously found some stability. While this support zone has proven reliable in the past, each test of this level is pushing the price lower, making it increasingly difficult to predict where the support will hold in the future.

The Battle Between Buyers and Sellers

At this juncture, XRP’s price action is stuck in a tug-of-war between buyers and sellers. The repeated rejections at $2.2 suggest that sellers are actively defending this resistance, while the steady base of support around $1.9 indicates that buyers are not ready to give up on the cryptocurrency just yet.

This battle of supply and demand is reflected in XRP’s price chart, which shows a gradual tightening of the trading range. The outcome of this ongoing struggle will likely determine the direction of XRP’s price movement in the near term, as the cryptocurrency appears to be at a critical crossroads.

What’s Causing the Resistance?

Several factors are contributing to the ongoing resistance faced by XRP. One of the most significant is the broader market sentiment surrounding cryptocurrencies, which remains volatile. Despite XRP’s legal victory in the long-running lawsuit against the U.S. Securities and Exchange Commission (SEC), the cryptocurrency market as a whole has been struggling to maintain upward momentum.

Additionally, the regulatory landscape continues to cast a shadow over the entire cryptocurrency market. Although XRP’s legal battle with the SEC has been largely favorable, the uncertainty surrounding potential future regulations could be keeping some investors cautious. This has likely contributed to the ongoing resistance at key price levels like $2.2.

The Road Ahead: Will XRP Break Out?

As XRP continues to face this critical resistance, many are wondering whether a breakthrough is imminent. The cryptocurrency has shown resilience in recent weeks, holding steady above $1.9, which suggests that buyers are still active and ready to support the price. However, with the price repeatedly failing to break above $2.2, it remains to be seen whether XRP can finally overcome this challenge.

The coming days will be crucial for XRP as it attempts to break free from this tight range. Traders and analysts will be watching closely to see whether the cryptocurrency can gain enough momentum to push past the $2.2 resistance and move toward higher levels. Alternatively, another rejection at this level could signal further consolidation and potential price declines.

Conclusion

XRP’s struggle to break through the $2.2 resistance level has become a defining feature of its recent price action. With the cryptocurrency facing rejection for the fourth consecutive week, traders are left to question whether XRP will be able to break free from this resistance or whether it will continue to face downward pressure. As always, the next few weeks will be crucial in determining the future direction of XRP’s price. For now, investors and traders alike remain on edge, awaiting the next big move that could set the tone for XRP’s summer price action.