XRP Price Update: $2.04 Resistance Level Tests Market Strength

• XRP continues to trade with notable resilience following its recent recovery, holding above important short-term support zones. Technical analysis shows XRP is maintaining strength and producing multiple fifth-wave advances on successive upward moves, a technical characteristic often associated with sustained momentum. The chart shows XRP stabilizing just below the $2.04 resistance area after rebounding from the $2.00 region.

• Recent price action highlights a sequence of higher lows while XRP repeatedly tests horizontal resistance near $2.04. This level has capped upside attempts in the near term, but repeated challenges suggest persistent buying interest rather than exhaustion. Each pullback has remained relatively shallow, reinforcing the view that sellers have struggled to regain control of the trend.

XRP is maintaining strength and producing multiple fifth-wave advances on successive upward moves, a technical characteristic often associated with sustained momentum.

• The chart also indicates a clear support band forming between roughly $2.02 and $2.03. This area aligns with prior resistance that has transitioned into support, a common feature in strengthening market structures. The presence of repeated impulsive advances followed by orderly consolidations suggests ongoing participation from buyers rather than a single isolated price surge.

• This technical setup matters for the broader XRP market as sustained holding above former resistance levels often precedes increased volatility. With XRP consolidating just below a widely watched price threshold, market participants remain focused on how price reacts to continued tests of resistance. The current structure reflects a balance between short-term profit-taking and continued accumulation, keeping XRP among the closely monitored digital assets in the current trading environment.

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My Take: The $2.02-$2.04 range is becoming XRP’s battleground. Multiple fifth-wave patterns combined with shallow pullbacks suggest bulls aren’t backing down. If $2.04 breaks decisively, we could see accelerated momentum toward higher resistance zones.

Source: Crypto Tony