Emily Walker
In the past week, XRP’s value rose by 4.36%, standing out among the crypto assets that faced considerable losses. After a market correction in December, this notable altcoin has shown steady growth, with an increase of 19.52% since the beginning of 2025. However, maintaining this upward trend hinges on certain price levels.
Key Support Level for XRP at $2.32
A recent update from the market analysis platform More Crypto Online on X highlighted the current bullish trend surrounding XRP, suggesting a notable interest from investors.
During this upward movement, analysts pinpointed essential price thresholds crucial for the altcoin’s future direction. They emphasize that to keep the bullish trend intact, the price must remain above $2.32. Historical data suggests that if XRP drops below this critical support level, it could slip into a downtrend, possibly falling to $2.00, where another important support lies.
Regarding upward movement, More Crypto Online’s analysts flagged $2.50 as a significant resistance point, which is close to XRP’s current value. They contend that surpassing this level would indicate a breakout from a triangle pattern observed on the hourly chart, reinforcing a continued price increase.
The triangle pattern, formed by two converging trend lines, signifies a phase of consolidation that can lead to a breakout or breakdown.
Further analysis suggests that if XRP can overcome the $2.50 resistance, it may propel toward around $2.72, where another substantial resistance resides. For investors, navigating past both resistance levels and maintaining above $2.32 is critical to sustaining the bullish momentum.
Current Market Snapshot
As of now, XRP is priced at $2.53, reflecting a 6.94% increase over the last day. During this timeframe, its trading volume surged by 61.21%, reaching $8.49 billion. The crypto asset shows positive performance over larger timeframes, with increases of 5.37% over the past week and 8.07% over the month.
Notably, a Relative Strength Index of 64.35 suggests there is still potential for further growth, indicating that XRP is not yet in an oversold condition. After a strong rally in Q4 2024, analysts maintain a bullish outlook for the altcoin, supported by several optimistic forecasts.