Ripple’s XRP is nearing a key resistance zone at $2.28. Traders are watching this level, as a breakout could push the price toward the $2.75 area. Current movement remains inside a descending channel that has shaped price action since early October. $2.28 Level Holds the Breakout Key Analyst Ali Martinez outlined the $2.28 zone as a major resistance level. It aligns with the 0.618 Fibonacci retracement and the upper edge of the descending channel. The area has rejected the price several times in recent weeks. Martinez stated , “If $XRP can break past $2.28, a breakout toward $2.75 opens up.” Notably, the $2.75 zone also aligns with the 0.236 Fibonacci level and a previous support level that may now act as resistance. Above that, the price could face pressure near $2.90 to $3.00. If XRP is rejected again at $2.28, it may retest the lower support range around $2.05 or $1.87. XRP Price Chart 04.12. Source: Ali Martinez/X Meanwhile, XRP has tracked the broader market. During the December 1 pullback, the asset dropped from $2.20 to below $2.00 before recovering. At the time of writing, XRP trades at $2.17, down 1% in the last 24 hours and 1% over the past week. The 24-hour range has stayed between $2.15 and $2.21. CRYPTOWZRD noted a slightly bullish close on the daily chart. “If it holds above the $2.277 resistance target, I am expecting another long opportunity,” they said. If rejected at that level, the analyst expects the market to move sideways. Support is seen near $2.08. Oversold Conditions and Wallet Activity Analyst Steph Is Crypto pointed to the Stochastic RSI on the weekly chart, which is back in oversold territory. Previous lows in this zone have often marked the end of short-term downtrends. Several prior signals at this level were followed by strong recoveries. In parallel, on-chain activity has picked up. Crypto commenter Amonyx reported an increase in XRP velocity, describing it as a sign of “ rising liquidity and heavy trader or whale movement .” Data from CryptoQuant supports this view. As CryptoPotato reported , wallets holding 1M to 10M XRP reduced their holdings by 150M tokens, continuing a pattern seen since September. In addition to these market shifts, a new protocol called Firelight has launched , offering XRP holders the ability to stake tokens while securing on-chain protection. Built by Sentora and supported by Flare Network, the platform uses the FAssets system to bring XRP into DeFi environments. In a separate development, RLUSD gained approval for use within the Abu Dhabi Global Market. The stablecoin now has a clearer path to adoption among regulated firms in the region. The post Ripple’s (XRP) Next Big Breakout Hinges on This Key Resistance: Details appeared first on CryptoPotato .
