Basic Points:
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XRP struggles to break above $ 2.35 resistance, pointing to a lack of demand at a higher level.
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Increasing the odds of an approved XRP ETF can enable the next leg of an XRP rally.
Specialists exchanged Bloomberg funds Eric Balchunas and James Seyffart Project of a 95% possibility of XRP (XRP), Solana (Sol), and Litecoin (LTC) ETFs were greenlit of the US Securities and Exchange Commission in 2025.
Can the incorporation price of the XRP be acting as a launch pad for the next move higher, or lower the price of bear? Let’s review the charts to find out.
XRP price prediction
Consumers pushed the XRP above the 50-day simple moving average ($ 2.24) on Monday, but the long wick on the candle shows the sale at a higher level.
The 20-day average transfer of average ($ 2.17) is the main level to watch over the near term. If the price bounces on the 20-day EMA with strength, it increases the likelihood of a break above $ 2.35 resistance. If that happens, the XRP/USDT pair can move forward to $ 2.65.
Especially, if the price destroys and maintains below the 20-day EMA, it is a sign that the bears are trying to occupy control. The pair could slide to $ 2.06 and later at $ 2. Consumers are expected to defend the level of $ 2 in all they can because at a close below it opens the doors for the fall to $ 1.61.
Related: XRP price predictions above $ 3 in 2025 have a major flaw
The 4 -hour chart shows that the bears are fiercely defending the level of $ 2.35. There is a 50-sma support, but if the bears prevail, the pair can drop to $ 2.06. This is a critical level to defend the Bulls as a break below $ 2.06 can sink the pair to $ 2.
Conversely, if the price turns from 50-smma, the Bulls will try to push the pair to the neckline of the opposite head-and-and-shoulder. A break and near the top of the neckline completed the bullish setup, with a target goal of $ 2.76.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
