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XRP Price Update: Can It Break the $2.39 Resistance?

As of now, XRP is trading at $2.34, showing signs of consolidation just below a critical resistance zone. 

XRP Chart (Source Coingecko)

The digital asset remains under the 50-period EMA on the 4-hour chart, indicating that bulls have yet to regain short-term control.

Technical Snapshot:

  • Current Price: $2.34

  • EMA50 (4H): Acting as dynamic resistance

  • RSI (Relative Strength Index): Neutral, suggesting no strong momentum in either direction

  • Support Zone: $2.38

  • Resistance Zone: $2.39

XRP is currently trading within a narrow range between $2.38 (support) and $2.39 (resistance). This range-bound behavior reflects market indecision, but a breakout could trigger the next significant move.

What to Watch:

A clear breakout above $2.39 could open the door for XRP to test the $2.50 level, which has been a key target for bulls in recent weeks. On the downside, a failure to hold above $2.38 may invite further consolidation or a short-term pullback.

Conclusion:

Traders should keep a close eye on the $2.39 resistance level. A sustained move above it could signal renewed bullish momentum. Until then, XRP remains in a wait-and-watch zone.

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