XRP price tests $2.2, still needs volume as resistance builds

XRP climbed above short-term exponential moving averages on the daily chart in recent sessions, and the MACD turned higher. Market focus is on the $2.2 area, where order-book ask walls show concentrated supply.

Chart readings show the token back over the 9-day EMA, with the gap to the 20-day EMA narrowing. The MACD histogram is expanding after turning upward, and the RSI has recovered toward neutral-to-bullish levels from weaker readings earlier in the week.

Order-book data highlight a resistance band with multiple ask walls, with the first notable barrier near $2.2 and larger liquidity layers above. A daily close above the initial level on rising volume would confirm that buyers absorbed nearby supply. Above current caps, liquidity appears thinner, which can speed price movement if offers are cleared.

Below current levels, XRP has nearby support reinforced by bid walls. A decisive drop under this area, especially alongside weakening MACD and RSI readings, would leave the market back in consolidation.

Common trading plans outline long entries only after price clears the first resistance and nearby ask walls, with profit targets at subsequent resistance zones where liquidity density increases. Short setups center on rejection at initial resistance or at larger ask walls, with downside targets at bid-wall levels and deeper supports.

As reported earlier by GNcrypto, Bitwise listed its first spot XRP ETF on the NYSE under the ticker XRP, giving brokerage users direct exposure to XRP held by the fund. The manager set a 0.34% annual fee, waived for the first month on the first $500 million in assets, and seeded trading with about $2.3 million from market makers and authorized participants. Bitwise said regulators have clarified XRP’s status and highlighted XRP Ledger’s fast, low-cost payments and tokenization pilots. The firm manages over $15 billion and has filed spot Chainlink and HYPE token ETFs.