Support at $2.30–$2.40 Keeps XRP in Play – Are Bulls Ready to Push?

XRP holds critical $2.30–$2.40 support while attempting to break the long-term descending trendline.

Immediate resistance lies near $2.75 and $3.15, if successfully broken and bulls push past $3.65 it could unlock a rally toward $4.60–$4.70.

Exchange reserves rose sharply in late 2024, then gradually declined, showing market absorption and accumulation as price remained range-bound near $2.30.

XRP is displaying cautious bullish movement after recent bearish closes.This is reflecting the current hesitation in the market.XRP is maintaining key support while attempting to navigate resistance levels.

Daily Chart Analysis and Market Position

XRP’s daily chart shows indecision as the cryptocurrency closed without a clear directional trend. The asset slightly outperformed Bitcoin, despite BTC’s weakness, suggesting selective strength in XRP trading

If XRP does not rise above $2.40, the price is likely to stay in a range and short-term volatility may keep the market moving sideways

Bitcoin Dominance and BTC price changes are likely to affect XRP’s next move.The daily chart suggests that crossing above the long-term descending trendline is required for upward momentum

Historical patterns, including a prior breakout near $1.45 that led to a rally toward $1.60–$1.70, indicate the potential for repeated positive momentum under similar conditions.

Intraday Developments and Key Levels

Intraday analysis reveals volatile conditions leaning slightly bearish, although XRP held the $2.408 support. Breaking intraday resistance is necessary for price to enter positive territory

Otherwise, the asset may continue consolidation with erratic fluctuations.Immediate resistance lies near $2.75, while the $3.15 zone represents a realistic short-term target

A breakout above $3.65 would allow broader upward movement toward $4.60–$4.70, aligning with mid-year impulse wave projections.Critical supports are positioned at $2.27 and $2.00

Losing these levels could expose the $1.51 demand zone. XRP is currently compressing beneath resistance, suggesting readiness for a decisive move once trendlines or support levels are challenged.

Exchange Reserves and Supply Dynamics

XRP’s exchange reserves show a sharp increase from 1.5B to over 6B in December 2024, rising to 10B in early 2025. This surge generally signals potential selling pressure but coincided with a price rally, reflecting market absorption.

Source: Tweet on X

Throughout 2025, reserves gradually declined as coins were withdrawn, indicating accumulation. Price remained range-bound despite lower reserves, showing macro sentiment and liquidity influenced market behavior.

A sharp mid-year dip in reserves represents a notable exchange outflow. By late 2025, reserves stabilized while XRP hovered around $2.30, showing reduced volatility and a transitional market state.

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