Analyst States XRP’s First Area of Resistance In Current Rally
2025-07-18 11:24:03
Main Idea
Analyst XRPunkie identifies the $4 to $4.20 range as a key resistance level for XRP in its current rally, with potential implications for its future price movement.
Key Points
1. XRP is trading at approximately $3.43, having gained nearly 20% in a week, with a recent high of $3.65.
2. The $4 to $4.20 range is seen as a critical resistance level, based on historical price action and psychological significance.
3. A failure to break this resistance could lead to a retracement to support levels near $3.00 or $2.65, while a clear break could open the door to higher targets like $4.50 to $5.00.
4. The broader crypto market is experiencing a resurgence, with Bitcoin above $118,000 and Ethereum above $3,600, supported by regulatory developments like the GENIUS Act.
5. Ripple continues to expand its enterprise payment solutions and CBDC infrastructure, particularly in Asia and Latin America, following the 2023 ruling that XRP is not a security.
Description
XRP has continued to ride a wave of renewed bullish sentiment, marking a significant uptrend that has captured the attention of traders and analysts alike. Among the voices weighing in on XRP’s current trajectory is prominent X community analyst XRPunkie, who recently pointed to the $4 to $4.20 range as the first key area of resistance in the token’s latest rally. As XRP tests fresh multi-year highs, this level is shaping up to be a decisive battleground between bulls and bears. Momentum Builds ...
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