XRP Price News: Chart Turns Neutral, Repeated $2.55 Rejections Define Next Breakout Zone
CoinDesk
XRP fell to $2.49, facing strong resistance at $2.55 amid heavy institutional volume, keeping the chart neutral.Summary
XRP experienced a 1.2% decline to $2.49, encountering repeated rejections at the $2.55 resistance level, which has defined the current trading tone. This price action occurred on heavy institutional activity, with trading volume surging 85% above average, suggesting significant distribution at resistance. The 24-hour range was tight ($2.49–$2.55), and technical indicators suggest a neutral, consolidating phase following October's rally, forming a lower-high pattern on daily charts. The critical support level to watch is $2.49; a sustained close below this could lead to a drop toward $2.46, while a decisive breakout above $2.55 is needed to reset short-term bullish sentiment toward $2.60.
(Source：CoinDesk)