XRP News Today: XRP Hovers at $2.20 Resistance Level Awaiting Breakout

XRP is currently at a pivotal moment, hovering around the $2.20 level. This price point is not just psychological but also technical, and its behavior here could significantly influence the market's next major move, according to top analyst EGRAG Crypto.

EGRAG Crypto identifies $2.20 as a crucial resistance level on the daily chart. For the current bullish momentum to persist, XRP must close a full-bodied daily candle above this mark. A confirmed breakout would open the path to higher resistance levels at $2.30, $2.34, $2.48, and $2.65. Each of these levels, once surpassed with conviction, could accelerate XRP’s climb and reinforce investor confidence.

However, the market has not yet confirmed the breakout. If XRP fails to close above $2.20, EGRAG warns of a potential pullback to $2.08 or $2.04. These zones could act as retest areas where bulls attempt to regroup before another push higher. If buyers step in at these levels, it would be seen as a healthy correction within a larger uptrend.

On the downside, EGRAG stresses that XRP must not close below $2.04, $1.90, or $1.71 on the daily chart. A close beneath any of these supports would suggest that the bullish structure is breaking down, potentially triggering a deeper correction or the beginning of a bearish trend. The $1.90 zone is particularly important as it aligns with a macro Fibonacci level and has acted as a major support area in recent months. Holding this level could mean the uptrend remains intact, while a breach could shift sentiment quickly.

XRP’s current price action is unfolding amid a broader sense of optimism. Legal clarity in the U.S., growing adoption for cross-border payments, and expanding tokenization use cases continue to support the long-term outlook. On-chain data shows accumulation around the $2.00 mark, suggesting that large holders may be positioning ahead of a breakout. However, volume remains moderate, and the lack of a decisive break above $2.20 suggests traders are waiting for stronger confirmation. A daily close above this level could bring a wave of momentum. Until then, caution remains the dominant mood.

EGRAG Crypto’s analysis provides a clear roadmap for XRP’s next move. With the price sitting exactly at $2.20, the market is at a technical stalemate. A breakout could ignite a fresh rally; a rejection might invite a short-term retest of lower levels. As XRP flirts with critical resistance, traders and investors alike should stay focused on daily closes. The next few candles may define the trend for weeks to come.