Why This Resistance Could Trigger Another XRP Price Crash Soon

Source Newsbtc

A recent analysis by R. Linda on TradingView shows that the XRP price is facing a tough resistance zone after its recent recovery. The market is still showing signs of instability after earlier liquidations, and both XRP and Bitcoin are now moving into areas where another correction could happen. According to the analyst, XRP’s price movement is part of a broader correction phase following a strong sell-off. While there has been some recovery, the move appears weak, and a new drop may form if XRP fails to push above resistance. 

XRP Price Faces Strong Resistance After A Sharp Sell-Off

According to R. Linda’s analysis, XRP is now forming a correction after a strong sell-off. The cryptocurrency market as a whole is slowly recovering after a period of heavy liquidation, but signs of weakness remain. Both Bitcoin and XRP are moving toward a zone of strong resistance, which could bring back selling pressure in the short term.

As XRP approaches this level, the market could see a slowdown or even a price drop. R. Linda warns that this resistance zone could trigger renewed selling as traders may choose to take profit instead of buying more. It could lead to another decline, continuing the correction phase that started after the recent sell-off.

XRP Price 1

Right now, the market is pausing before making its next big move rather than preparing for a strong rally. The XRP price short-term trend remains fragile, and the analyst advises traders to be careful with quick upward moves that lack solid technical backing.

Technical Analysis Shows Breakdown And Possible False Breakout

Linda’s chart shows that after two months of consolidation, the XRP price broke below the support of its trading range, confirming a structural breakdown. The price is now reacting to that move and is in the middle of a correction. XRP is currently testing the liquidity zone between $2.70 and $2.7266, which is an area where the price could face heavy resistance and possibly start another sell-off.

XRP Price 2

The analyst marks essential resistance levels at $2.70 – $2.7266 and $2.8286, while the key support sits near $2.5050. A failure to stay above these resistance levels could trigger a quick drop toward support. R. Linda also points out that a sharp rise without strong technical strength could cause a false breakout, meaning the price may briefly rise above resistance but quickly fall back down.

If such a false breakout happens, the XRP price could correct down toward the $2.5050 level again, making the current price zone risky for both new buyers and short-term traders.

Overall, R. Linda’s view is that traders should approach the current XRP rebound with caution. The resistance zone remains a key turning point, and unless XRP breaks above it with strength, another price crash could soon follow.

XRP price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Musk says Tesla could hit $100 Trillion, but needs "enormous work"Elon Musk acknowledged over the weekend that getting Tesla to a $100 trillion company value would demand massive effort and fortune. The statement came after investors suggested this sky-high number could happen if his various businesses merge together. Right now, Tesla sits at $1.5 trillion in market value. Getting to $100 trillion would mean multiplying […]
Author  Cryptopolitan
13 hours ago
Elon Musk acknowledged over the weekend that getting Tesla to a $100 trillion company value would demand massive effort and fortune. The statement came after investors suggested this sky-high number could happen if his various businesses merge together. Right now, Tesla sits at $1.5 trillion in market value. Getting to $100 trillion would mean multiplying […]
placeholder
Fed to enter gradual money-printing phase, says Lyn AldenLyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Author  Cryptopolitan
13 hours ago
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
placeholder
Global crypto searches near 1‑year low at 30 as market cap slumps 43%Global interest in crypto is at a year-long low, with Google searches dropping as the market cap falls 43%.
Author  Cryptopolitan
13 hours ago
Global interest in crypto is at a year-long low, with Google searches dropping as the market cap falls 43%.
placeholder
Arthur Hayes Attributes Bitcoin Crash to ETF-Linked Dealer HedgingArthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
Author  Beincrypto
13 hours ago
Arthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
placeholder
Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto WinterBitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
Author  Beincrypto
13 hours ago
BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
goTop
quote