- XRP reversed from 2.59 and printed a new lower high on the daily.
- Current price action hovers around 2.18, which could make or break the structure.
- A deeper push below 2.15 may unravel the bullish setup and open the gates to 1.90.
Another Swing, Another Wall
XRP has been doing this dance for a while now—charging upward, smacking into resistance, then tumbling back like it forgot what it was doing. After tagging 2.59 recently, it printed a lower high compared to the March high of 2.99. That ain’t a great look for bulls trying to break out. Instead of pressing forward, it stalled and dropped, again.
We’re now back near 2.18, which might not seem like a major level at first glance, but on this chart? It’s kinda pivotal. It lines up with previous bounces and hesitation zones, so traders are watching it closely. The more XRP taps this level without lifting off, the weaker it gets—and we all know what happens when a floor gets weak.
Structure’s Still Holding (Barely)
To be fair, XRP hasn’t completely broken down yet. The move from February’s low around 1.77 to March’s double top attempt at 2.99 showed there was real gas in the tank. But lower highs like the one we just saw? They tend to signal exhaustion.
There’s still a little wiggle room here. If XRP can claw back above 2.30 in the next few candles and hold, we might see buyers get some confidence again. That would at least keep the recent structure intact. But if 2.15 breaks down? Forget it. We’re probably on our way back to retest the 1.90 to 2.00 zone, which has been acting like a magnetic range.
Watching for the Flip
What could change the story? A decisive reclaim of the 2.59 level with momentum. That would invalidate the lower high and give bulls something real to work with. Until then, it’s just ping-pong price action.
The pattern right now is basically: rally, stall, fall. If XRP keeps that up, it’ll eventually grind its way lower even without a big crash. But sentiment could flip quick if XRP shows strength above 2.30 again. It’s one of those moments where nothing’s broken yet, but cracks are starting to show.
Where XRP Was Born
XRP was created by Ripple Labs in 2012 as a digital asset designed for fast, low-cost international payments. Unlike most cryptocurrencies, XRP doesn’t rely on mining or proof-of-work. Instead, it uses a consensus protocol among trusted nodes to validate transactions—a setup that allows much faster throughput and scalability, though not without criticism around centralization.
