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The price of XRP has been moving quietly without any big changes over the past few days. On the daily chart, XRP recently dropped below an important resistance level at $2.34. Right now, it’s finding some support around $2.30, but it keeps struggling to climb back above $2.34, which has turned into a new resistance point.
If the price can break and stay above this level, the next targets would be around $2.44, and then a stronger resistance between $2.55 and $2.62.
For now, the market is still within a bullish trend, meaning it’s making higher lows and higher highs — but a proper bounce is needed soon to keep that uptrend going.
There’s also a chance that XRP is forming an inverse head and shoulders pattern on the daily chart. If this pattern completes and the price breaks above $2.62, it could push XRP to new highs, possibly even beyond $3. However, this pattern is not confirmed yet — it still needs to form the right side of the pattern and break above key resistance levels.
Short-Term Market Movement
The price has been stuck between $2.15 and $2.31 with no strong move either way. A small five-wave drop was seen from Friday’s high, but it hasn’t led to a bigger price drop.
As long as the market stays below $2.43–$2.44, there’s still some downward pressure. If XRP drops further, key support levels to watch are around $2.15 and $1.95. However, this pullback looks more like a healthy correction rather than the start of a major downtrend.
What’s the Bigger Picture?
Even with this short-term weakness, the overall market structure still supports a bullish outlook. There was a clear five-wave move up from the April low to May 12, and now the market seems to be going through a normal pullback phase. As long as XRP stays above the important support at $1.79, the long-term bullish trend remains safe.