XRP Faces Critical $2.50 Resistance: What’s Next?
XRP has been steadily climbing, reaching a key resistance level around $2.50. Though, the low trading volume is a red flag. This suggests the current rally might not have the strength to break through without a change in momentum. Let’s explore why this zone is so crucial.
Over the past few weeks, XRP has been moving within an ascending channel.The price has been bouncing off the channel’s lower boundary, almost to the dollar. While this is a positive sign, the lack of strong buying interest from big players like institutions or whales is concerning. This indicates the rally might be more passive than aggressive.
Several key technical indicators converge at the $2.50 level. These include the 0.618 Fibonacci retracement, the Volume Weighted Average
