XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level

XRP is exchanged on a crucial level, preparing what could be a large breakout. Altcoin has been one of the best artists since November 2024, keeping the strength even if the largest struggles of the market with uncertainty. With a renewed interest in Altcoin and the speculation of a cryptocurrency recovery, analysts believe that XRP could be one of the greatest earnings once the upright moment.

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According to the data in the chain of Glassnode, the $ 2.40 level is the most critical resistance for XRP. The UTXO indicator has created the price distribution indicator (URPD) that there is a large concentration of supply around this price, making it a fundamental level for the next Altcoin move. A decisive breakout above this resistance could trigger a strong rally, potentially pushing XRP towards new maxims.

The feeling of the market remains mixed when macroeconomic concerns and the conditions of volatile trading continue to influence the action of prices. However, XRP’s ability to keep on the level of key support levels suggests that the bulls are preparing for a significant thrust. If the pressure purchase intensifies and XRP cancels the sign of $ 2.40, it could report the beginning of a strong trend upwards, positioning altcoin as a leader in the next phase of the recovery of the market.

XRP has a key resistance but it is a key resistance to $ 2.40

Macroeconomic uncertainty and extreme volatility have shaken both the cryptographic and equity markets, leading to the sale of panic and trading guided by fear. While many Altcoin, including Solana and Ethereum, have faced steep corrections, XRP has maintained its soil relatively well. Altcoin remains one of the strongest artists since the end of 2024, standing at a crucial level that could determine his next important move.

To confirm an upward trend, the bulls must contain the levels of key demand and push XRP beyond resistance areas. However, breaking through heavy areas from offers remains a challenge. The analyst of the best Ali Martinez shared insights on X, citing Glassnode data which highlights $ 2.40 as a more crucial level of resistance than XRP. The UTXO indicator has made price distribution (URPD) suggests that a large XRP volume has previously been transaved at this level, making it a key supply area.

The URPD indicator Analysis in which most of the coins have been moved for the last time. This helps traders to identify price levels with high purchase or sale activities. When an asset approaches a level of URPD resistance, many owners have previously acquired their XRP at this price. If the price action fights in this area, it indicates a great ledge of the offer, potentially leading to the assumption of profits. However, if XRP breaks, reports a strong demand, clarify the way for higher price objectives.

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With XRP that consolidates below this critical level, the traders are looking closely. If the bulls successfully push XRP over $ 2,40, it could follow a break -in event, potentially guiding the price towards new maximums. On the other hand, the lack of exploitation of this resistance can lead to a further consolidation or even a short -term pullback. The next sessions will be crucial to determine the XRP trajectory.

Investors observe a breakout above $ 2.50

XRP is currently exchanged at $ 2.31, following an increase of 29% from the level of $ 1.89. The bulls are trying to contain this price range and push above the resistance of $ 2.50, a crucial level that could confirm a tendency to rise. A successful breakout will set the bases for XRP on Target Range Tigs and further expansion of prices.

However, the resistance remains strong and the bulls need supported momentum to recover the key levels of supply. If XRP is unable to exceed $ 2.50, the sellers could intervene, leading to a possible retracement. A drop in less than $ 2.20 would indicate a loss of short -term resistance and could trigger a lower support level test.

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The feeling of the market and the trends of the wider cryptocurrencies will play a significant role in the next XRP move. With the macroeconomic uncertainty that still affects risk activities, operators are observing up close if bulls can support the event or if a correction is on the horizon. The next sessions will be crucial to determine if XRP can extend its earnings or face a renewed sales pressure.

First floor image from Dall-E, TradingView chart