XRP Price Rejected at Multi-Week $2.30 Highs: What’s the Next Move?
- XRP moves between $2.30 and $2.14 as strong trading volume contrasts with fading momentum.
- RSI sits near 46 with no clear trend as the 20-day and 50-day averages restrict upside.
- Open interest holds at $4.13B as traders avoid new positions while waiting for direction.
XRP ran into heavy resistance this week after climbing toward the $2.29–$2.30 area, a level that has repeatedly stopped its rallies over the past days. As a result, the token has since slipped into a narrow holding pattern as traders wait for stronger signals. Current price structure, technical readings, and on-chain data all paint the same picture: interest remains high, but conviction remains low.
Resistance at $2.30 Forces XRP Into a Tight Holding Pattern
The upswing that started late last week pushed XRP more than 25% higher, carrying it back into the well-established resistance around the 38.20% Fibonacci level at $2.30. That zone immediately halted momentum.
Since the rejection, XRP has been confined to a range between $2.30 and $2.14, a band that has held for several sessions without any decisive break. Yet activity in the market is anything but quiet.
XRP’s 24-hour trading volume jumped 30% to $3.73 billion, underscoring the level of participation surrounding the asset. The unusual mix of high turnover and compressed price movement signals a standoff, with neither side willing to expand the range.
Indicators Echo the Same Story: No One Is Leading the Market
The Relative Strength Index reinforces this view. For the entire week, the RSI has hovered near the 50 midpoint, never closing above it even once. Sitting at 46 at press time, the market shows a lack of strong directional bias.
The metric’s behavior has been consistent with a consolidation phase, where neither buyers nor sellers hold firm control. However, a push above 50 would support a neutral to bullish shift, while a slide under 40 could confirm building downside pressure.
XRP’s daily moving averages also serve as near-term barriers. The 20-day MA, now at $2.19, has repeatedly absorbed attempts to push higher. Until prices break and hold above this line, bullish attempts may remain short-lived. The 50-day MA at $2.34 follows shortly after creating a layered resistance cluster.
Open Interest Holds Its Ground, Signaling Traders Are Waiting
Derivatives data has been quiet as well. XRP’s open interest currently sits around $4.13 billion, a decline of 0.17% in the last 24-hours. The greater detail, nonetheless, is not the drop but the stretch of time in which open interest has barely moved at all. For more than a month, traders have avoided taking large new positions.
Such static behavior tends to appear when volatility compresses, and participants prefer to wait for a clear break rather than guess the direction ahead of time. Price and open interest are moving the same way: sideways.
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Key Levels That Will Guide XRP’s Next Direction
XRP’s next meaningful move hinges on how the token interacts with its nearby technical markers. For bullish continuation, three steps stand out:
- Break and hold above the 20-day MA at $2.19.
- Retest and clear the $2.30–$2.34 resistance created by the Fib level and 50-day MA.
- See the RSI rise above 50, confirming renewed neutral-to-bullish strength.
Clearing these checkpoints may give XRP the structure needed to revisit the 50% Fibonacci level at $2.46 and potentially the $2.53–$2.64 supply zone.
However, if XRP fails to reclaim these levels, focus shifts to support. The 23.60% Fib at $2.12 is the closest layer holding the range together. Losing this support may open the door toward the broader $1.96–$1.81 area, which marked the starting point of the latest rebound.
