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XRP continues to trade under pressure after its recent rebound. The XRP price trades near $2.25, only slightly lower on the week. However, the chart shows that buyers still struggle to push the token above important resistance.
Market data from CoinMarketCap shows a market capitalization of approximately $135.76 billion. Traders moved about $2.96 billion in XRP during the last 24 hours. That amount represents a sharp fall in volume compared with the previous day. Circulating supply stands close to 60.17 billion coins, while the total supply reaches almost 100 billion.
Technical analysts at MakroVision describe the recent XRP chart structure as fragile. They highlight repeated failures near a supply zone close to $2.48. Each approach toward that level has attracted strong selling, which forces the XRP price back down before a trend can build.
The research team notes that bulls test this ceiling many times but fail to gain control. Ripple’s XRP previously rallied toward $2.55 on the weekly chart but reversed as sellers used the higher prices to close positions. Since then, the market has formed lower highs and moved into a weak sideways phase below resistance.
On the lower end of the range, XRP finds support close to $2.16. Buyers stepped in several times around that area. MakroVision links this price zone to a 0.382 Fibonacci retracement level, which many chart traders track. Yet the reaction so far remains limited, and trading activity continues to fade.
Also Read: XRP Drops Below Key Levels Despite Record-Breaking Debut of Canary’s XRPC ETF
Analysts point to the $2.16 support as an important line in the sand. As long as XRP holds this area, the market avoids a deeper breakdown. However, if sellers force a close under that level, the next potential demand zone sits between $2.02 and $1.88.
The lower band combines previous horizontal support with additional Fibonacci levels. Many trading strategies watch such clusters, so a move there could attract interest. Until that happens, traders treat $2.16 as near-term support and $2.48 as overhead resistance.
MakroVision outlines a clear path back to strength for the XRP price. Buyers would need to reclaim the $2.48 zone and then keep the token above it. The breakout could open the way toward $2.65 and change the character of the trend. Currently, momentum still favors caution, and the band between $2.16 and $2.48 marks a zone of indecision.
