XRP reversed course from its recent lows near $1.98, climbing back above $2.12 as buyers stepped in to defend key support zones. The token broke through a bearish trend line and now faces a crucial test at the $2.25 level, which could determine whether the recovery extends or stalls.
What Happened: Price Recovery
XRP dropped below $2.00 during the recent selloff that affected Bitcoin and Ethereum, hitting a low of $1.9844 before buyers emerged.
The token climbed more than 5% from that bottom, pushing through $2.05 and $2.12 as bulls regained control. The recovery carried XRP past the 50% Fibonacci retracement of its decline from $2.2750 to the recent low.
XRP now trades above its 100-hour simple moving average, a technical shift that often signals strengthening momentum. The immediate resistance sits at $2.20, which aligns with the 76.4% Fibonacci retracement level.
A close above $2.25 would open the path toward $2.32, analysts say, with subsequent barriers at $2.35 and $2.40. Further gains could push the token toward $2.45 and $2.50, though each level presents a potential obstacle for buyers.
Also Read: Technical Analysis Points To $106,450 Bitcoin Target Despite Bearish Trend
Why It Matters: Testing Pivots
The $2.25 level represents a critical pivot point for XRP's near-term trajectory. Failure to break through this resistance could trigger another decline, with initial support at $2.12 and more substantial backing at $2.10.
A drop below $2.10 would likely send the token back toward $2.05, with $2.00 acting as the next major floor.
Technical indicators show mixed signals.
The hourly MACD gained pace in bullish territory, while the relative strength index climbed above 50, suggesting buyers maintain some control. However, the cluster of resistance levels ahead means XRP faces significant technical hurdles in extending its recovery beyond current levels.
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