XRP Price News: Chart Turns Neutral, Repeated $2.55 Rejections Define Next Breakout Zone

XRP has recently faced a decline of 1.2%, trading at $2.49, following repeated rejections at the $2.55 resistance level. The trading session showcased technical flows dominated by institutional activity, with trading volume spiking 85% above the average. If XRP cannot maintain support at the $2.49 level, it may lead to further declines. The digital asset has fluctuated within a $0.07 range but has shown signs of institutional accumulation near the $2.50 mark. However, a lower-high formation on the daily charts indicates fading momentum. Indicators such as RSI and MACD are currently neutral, suggesting a pause rather than a reversal. Traders are particularly focused on whether the $2.49 support holds; failing to maintain it could open up a downside to $2.46 while a breakout above $2.55 could shift sentiment towards a rally targeting $2.60. Activity in both downward and upward movements will be crucial to confirming market sentiment and potential future price movements.

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