The XRP price has encountered strong resistance on its journey toward the $3.00 milestone, with recent market action showing a clear rejection near key technical levels. Over the past 24 hours, momentum stalled as bulls struggled to maintain gains above $2.63, leading to a slight pullback. As of now, XRP is trading around $2.57—just below critical resistance at $2.69. This zone has become the focal point for traders and analysts alike, as it may determine whether XRP resumes its bullish trajectory or enters a consolidation phase.
May has been a pivotal month for XRP, marked by steady upward momentum and increasing trader engagement. The rally from lower levels built gradually before accelerating into the upper $2.60 range. However, each attempt to突破 $2.69 has so far been met with selling pressure, reinforcing this level’s significance.
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Why $2.69 Is a Make-or-Break Level for XRP
Technical analysis suggests that the $2.69 price point is more than just a psychological barrier—it carries deep structural importance. According to crypto analyst CasiTrades, this level aligns with the 0.236 Fibonacci retracement of XRP’s all-time high, making it a key zone for potential corrections or breakouts.
Historically, this resistance has proven difficult to surpass. Since December 2024, multiple rallies have stalled near $2.69, with sellers consistently stepping in to defend the area. Even during XRP’s surge to $3.30 in January, breaking through this level required substantial buying volume and resulted in the formation of an order block on the daily chart—a sign of institutional accumulation before the breakout.
This repeated defense of $2.69 indicates strong supply presence, likely from long-term holders taking profits or institutions rebalancing positions. A confirmed close above this level would signal that demand has finally overwhelmed supply, potentially triggering a wave of follow-through buying.
Underlying Strength Despite Muted Momentum
While momentum indicators have remained relatively neutral during the recent climb, other signals suggest underlying strength in XRP’s price structure. Analysts have identified a complete five-wave Elliott impulse pattern from earlier lows—an indication that the primary uptrend remains intact.
What’s particularly notable is that instead of undergoing a typical retracement after completing the five-wave sequence, XRP has continued to grind higher in a slow and controlled manner. This type of price behavior often reflects sustained accumulation and strong market confidence, where buyers consistently absorb selling pressure without allowing significant drawdowns.
Such consolidation near resistance can be a precursor to explosive moves—especially if accompanied by rising volume and bullish catalysts such as regulatory clarity or increased adoption.
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Two Scenarios: Breakout or Pullback?
With $2.69 acting as a gatekeeper, two distinct outcomes are now possible for XRP’s price path:
Scenario 1: Breakout Toward $3.00 and Beyond
A decisive daily candle close above $2.69 could invalidate short-term bearish sentiment and open the door for a rally toward $3.00. Such a breakout would likely attract algorithmic and institutional buyers who have been waiting for confirmation before entering positions.
Further upside targets could extend to $3.30 or higher, especially if broader market conditions remain favorable and Bitcoin maintains stability above key support zones.
Scenario 2: Rejection and Consolidation Near $2.30
If selling pressure intensifies and pushes XRP below critical support, a pullback toward $2.30 becomes increasingly probable. This level corresponds to the 0.382 Fibonacci retracement and has previously served as both a breakout and rebound zone.
A drop to $2.30 wouldn’t necessarily signal the end of the bullish trend—it could instead represent a healthy correction that allows latecomers to enter at better valuations while shaking out weak hands.
Market participants should watch volume patterns closely during any move toward $2.69. A high-volume breakout increases the likelihood of sustained upward movement, while a low-volume retest raises concerns about false breakouts.
What This Means for May’s Outlook
The price action at $2.69 will likely set the tone for XRP’s performance throughout the rest of May. Given that 2025 has already seen strong bullish momentum across the crypto market, maintaining this trend depends heavily on whether XRP can clear its immediate resistance.
At the time of writing, XRP is up 4% over the past 24 hours, reflecting renewed interest despite the ongoing struggle at resistance.
Frequently Asked Questions (FAQ)
Q: Why is $2.69 such an important level for XRP?
A: $2.69 aligns with the 0.236 Fibonacci retracement of XRP’s all-time high and has repeatedly acted as resistance since late 2024. It also marks an order block zone from previous rallies, indicating strong historical supply.
Q: What happens if XRP breaks above $2.69?
A: A confirmed breakout above $2.69 could trigger a rally toward $3.00 and potentially beyond to $3.30, especially if supported by strong volume and positive market sentiment.
Q: What is the next support level if XRP fails to break resistance?
A: The primary support lies around $2.30, which coincides with the 0.382 Fibonacci retracement level and has historically served as a bounce zone during corrections.
Q: Is XRP still in a bullish trend despite the rejection?
A: Yes. The completion of a five-wave Elliott pattern and continued upward grind suggest underlying strength. A pullback would be normal within an ongoing uptrend.
Q: How does volume affect the likelihood of a breakout?
A: High trading volume during a breakout increases its validity, showing strong participation from buyers. Low-volume moves are more prone to failure or whipsaws.
Q: Could regulatory developments impact XRP’s price in May?
A: While no immediate catalysts are confirmed, any progress in Ripple’s ongoing legal proceedings could significantly influence investor sentiment and spark renewed buying interest.
The coming days will be crucial for XRP traders and investors alike. Whether the asset breaks out or pulls back, the $2.69 resistance remains central to its short-term narrative.
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