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XRP's recent surge is indeed fierce, continuously breaking through resistance levels, and the market strength is clearly visible. However, to continue the breakout, it must surpass the $2.41 level.
Why focus on this price point? Simply put, it's filled with short-sellers covering their positions. On-chain data shows that approximately 1.5 billion XRP were bought between $2.39 and $2.41. As long as the price returns to this range, it’s inevitable that some traders will be compelled to sell, causing selling pressure to spike and making the trend prone to stall. Looking at the candlestick chart, we can see XRP has been repeatedly blocked around this area, and the resistance is very real.
To truly break upward, XRP needs to increase volume and firmly stay above $2.41; otherwise, it will have to grind repeatedly.
In the short term, the outlook is still decent. It has already broken through the $2.30 threshold, and the momentum indicators have turned stronger, indicating buyers are still fighting. Based on the current momentum, if the breakout proceeds smoothly, $2.49 will be the next key level to watch.
But the problem is, rapid gains are also prone to retracement, which is normal. A short-term pullback can also shake out late buyers, making the market healthier. The key is to see where the bottom of the pullback is—if the support level holds, the bullish structure remains intact.
Honestly, XRP is now at a crossroads: whether to continue pushing or not. $2.41 is the dividing line—standing firm above it opens up new possibilities, while failing to hold may lead to further consolidation. If you want to play this wave, instead of chasing highs and lows, it’s better to focus on whether these key levels can hold, as that’s where the real opportunity lies.