XRP is testing critical price thresholds that could define its short-term trend: $1.78 support and $2 resistance. On-chain analyst Ali Charts notes that these levels are pivotal for determining the next move.
$1.78 Support: Profit-Backed Floor
Data from Ali Charts shows that a significant number of addresses purchased XRP around $1.78 and remain in profit. This profitability creates a natural buy wall: if the price dips back to this zone, holders are likely to accumulate rather than sell, reinforcing the support. A bounce from $1.78 would likely generate upward buying pressure, setting the stage for a push toward higher levels.
$1.97 and $2 Resistance: Selling Pressure Mounts
On the upside, $1.97 and $2 are acting as heavy resistance zones. Order book data indicates increased sell orders near these prices, as traders look to take profits. Unless momentum can break through with strong volume, these levels will cap further gains. Ali Charts emphasizes that a successful breakout above $2 could trigger a rally, while failure may lead to a retest of $1.78 or lower.
What to Watch: Decisive Days Ahead
Over the past 48 hours, XRP has been oscillating between $1.78 and $1.97 with no clear breakout. Market participants see a close above $2 as the bullish confirmation signal. Repeated tests of support without a breakdown would strengthen bulls, whereas losing $1.78 could invite technical selling. Ali Charts cautions that while sentiment is neutral for now, a decisive move in either direction will likely fuel follow-through.