XRP News Today: XRP Faces Critical Test at $2.30 Resistance Level

XRP is currently trading near a critical apex formed by the 1-month and 3-month Volume Weighted Average Prices (VWAPs), with the price building under the $2.30 resistance level. This apex is significant as it aligns with multiple anchored VWAPs from the past four months, marking a critical point in the market structure. If the level holds, it could indicate a shift towards a fresh bullish cycle for XRP.

The confluence zone, where the 1-month and 3-month VWAPs intersect, is anchored to swing highs and is widely used to track institutional positioning. This range is significant for technical breakout watchers as it represents a high-stakes breakout range between $2.20 and $2.30. The chart also includes a major descending trendline that has held firm for 160 days, extending from XRP’s all-time high and representing long-term bearish pressure. XRP now trades directly at the intersection of this downtrend resistance and VWAP support.

If XRP breaks through and sustains above this confluence zone, it could indicate strong buying volume re-entering the market. Previous instances of similar convergence led to mid-term uptrends. This setup may repeat if confirmed by higher time frame closes above $2.30. The price at the time of analysis was around $2.14, with a high of $2.20 during the day. Traders are closely watching for any daily or weekly close above the $2.30 level, as such a move may attract momentum buyers and signal institutional interest returning.

The volume profile on the right side of the chart reveals major liquidity clusters near the current breakout zone, highlighting strong historical trade activity between $2.20 and $2.30. Price acceptance in this region often acts as a pivot point for market direction. This breakout level has also interacted with anchored VWAPs placed on every major swing point since February, suggesting that price is revisiting consensus cost bases. A breakout could be seen as reclaiming control over that cost structure.

The zone is framed by a previous consolidation range that spans months. Bulls attempting to push past this level will need consistent volume and trend confirmation. The move, if successful, could shift the medium-term trend. The current setup is described as one that may be remembered as a market pivot, with all structural indicators converging in one place. Technical traders consider this type of multi-indicator alignment rare but effective.

The question now is whether XRP can convert this technical pressure into a sustainable rally. All signals currently point to a possible reversal. Anchored VWAPs and trendline compression suggest this is a major decision zone. If XRP can clear $2.30 with volume, it would be the first major break of this trendline in over five months. That may invite additional capital flows and further upside movement. Historical patterns suggest that a break of such levels often results in sharp upward continuation.

This breakout setup has been forming since early April, accumulating market pressure. Traders will look for strong closes above the zone and rising open interest. Confirmation would signal the start of a new bullish trend phase for XRP. The 160-day trendline from the all-time high now meets current levels, creating a strong decision point. Price and volume reaction near $2.30 will likely confirm if XRP can begin a new upward move this cycle.