Is XRP Going to Go Up?

XRP has been trading within a defined range in recent days, and the market appears to be awaiting a decisive shift. This quieter phase often precedes stronger movement. The question now is whether XRP could soon break its current structure to the upside or whether further downside pressure may develop.

XRP technical analysis

XRPUSD – 4 Hour Time Frame

A range formed at the end of last month. Following the creation of a local low, price delivered an impulsive upward movement and has rotated sideways since then. The market first declined to the Fibonacci 0.618 level, where a support zone formed. Price later reached the Fibonacci 0.236 level, which initially acted as support but has now flipped into resistance, resulting in a rejection from that area.

Support has recently appeared around $2.00, although the resistance marked on the chart remains unbroken. At this stage, holding either the midpoint of the range (the 50% level) or the Fibonacci 0.618 zone could be significant for maintaining short-term structure.

It is also relevant to acknowledge that, while the highlighted areas represent technically valid zones, a considerable amount of liquidity rests below them. This means the market could first move lower to sweep liquidity in the $1.92 region before attempting any upward continuation.

XRP price target

The next phase depends largely on whether sufficient strength emerges from the identified support areas. The first resistance cluster that would need to be cleared lies between $2.17 and $2.21. If price manages to break through this zone with sustained momentum, a move toward the top of the range becomes increasingly plausible, along with a potential liquidity sweep above that area.

Monitoring the region around $2.50 may be prudent, as a breakout from the current range could draw price toward this level, where the next meaningful resistance zone is positioned.