Can the Momentum Continue Above Resistance?
By: bitcoin ethereum news|2025/05/14 21:15:05
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XRP has shown a strong rally after retesting the 0.382 Fibonacci level near $2.08, gaining over 25% and now trading just below the crucial resistance at $2.65. The overall structure remains bullish, with a clear trend of higher highs and higher lows forming. The break above $2.48 has added momentum to the move, bringing the $2.65 resistance level and the golden pocket between $2.73 and $2.81 into focus as the next major hurdles. The $2.65 mark has already been tested and could break if buying pressure continues. Above that, the golden pocket represents a significant resistance cluster, which may slow down or confirm a further breakout. In case of a short-term correction, the $2.48 level could act as a potential pullback zone, while the orange support area just below $2.20 is critical for maintaining the broader bullish structure. Despite the ongoing strength, intermediate corrections remain possible and could be beneficial for sustaining the rally. Holding the $2.20 zone is essential for the bullish outlook to remain intact. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/market/xrp-can-the-momentum-continue-above-resistance/
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