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XRP Gets Rejected at $2.30—Here’s Where It Goes Next

XRP Gets Rejected at $2.30—Here’s Where It Goes Next

Ambcrypto
Author:
Ambcrypto
Release Time:
2025-05-05 13:00:01
0

XRP bulls just got smacked down hard at the $2.30 resistance level—classic crypto ’up only’ mentality meets reality. Now traders are scrambling to identify the next key targets.

Watch these levels: A clean break above $2.50 could signal a run at the 2025 highs, while failure to hold $1.80 might trigger a cascade of stop-losses (and Twitter meltdowns).

Meanwhile, Wall Street ’experts’ will still be debating whether it’s a security—because nothing says market efficiency like three-year-old lawsuits determining price action.

XRP price prediction- Bulls continue to struggle at…

XRP 1-day Chart

Source: XRP/USDT on TradingView

In mid-April, XRP managed to breach a descending trendline resistance (white). This breakout did not see a bullish follow-through. The 50% retracement level at $2.3 has halted the bullish advance.

The CMF fell below -0.05 over the past ten days to indicate heavy capital outflow from the market. This selling pressure helped explain the rejection at $2.3, and the MACD signaled that momentum was not bullish.

The Stochastic RSI dived toward the oversold territory, but it does not promise a sizable price bounce due to the strength of selling. Overall, XRP traders could anticipate further downside.

XRP 3-month Heatmap

Source: Coinglass

The 3-month liquidation heatmap showed that the $2 level was a magnetic zone for the price. It was also relatively closer to the current market price than the $2.4 liquidity cluster.

Additionally, it was also a psychological round-number support level.

XRP Liquidation Heatmap

Source: Coinglass

The 1-week liquidation heatmap shows that XRP experienced a minor price bounce after sweeping the $2.15 liquidity pocket.

However, this bounce has been completely erased in recent days, reducing the likelihood of a move toward $2.26.

Traders should expect XRP to fluctuate around $2.15 for a few days as liquidations build in both directions.

These liquidation levels could be targeted later this week, potentially aligning with Bitcoin’s [BTC] short-term trends. As things stand, a move toward $2 appeared likely after a few days of sideways trading.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

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