Altcoins News
By James Thorp
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After briefly pushing above $2.10 in mid-April, Ripple’s native token XRP has lost steam, with a sharp rejection at the $2.30 resistance level—now a significant barrier for bulls.
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The technical picture, combined with cooling investor activity, suggests that XRP could be headed back toward the $2 psychological support level before any serious upside resumes.
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Failed Breakout at $2.30 Marks a Bearish Shift
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XRP’s recent attempt to break out above the 50% Fibonacci retracement level at $2.30 failed to fuel a sustained rally.
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Price action on the daily chart indicates that the bullish breakout past the descending trendline in April has run out of steam. The Chaikin Money Flow (CMF) has dropped below -0.
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Together, these indicators highlight a market under pressure, with bears currently in control.
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On-Chain Activity Suggests Market Indecision
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While news of whale accumulation and trader optimism may paint a bullish narrative, the on-chain reality tells a different story.
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Furthermore, exchange outflows—once a bullish signal of accumulation—have slowed significantly compared to the strong activity seen at the beginning of 2025.
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Without strong on-chain fundamentals to back the price, XRP’s recent gains appear fragile.
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Liquidation Heatmaps Hint at Downward Price Target
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Data from Coinglass provides more insight into where XRP might head next. The 3-month liquidation heatmap shows a strong liquidity pocket around the $2 level—a classic magnet for…
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Meanwhile, the 1-week heatmap reveals that XRP saw a brief bounce after hitting the $2.15 liquidity zone, but that relief rally has since evaporated.
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With both upside and downside liquidity building, XRP is likely to consolidate in a narrow range around $2.15 in the short term.
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Legal Optimism and Whale Activity Offer Long-Term Hope
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