Key Resistance Levels in Focus: A Potential Surge Awaits
According to a post by analyst HovWaves, XRP has been making solid moves after bouncing from its lows. The update highlights that since the last analysis, XRP has shown a series of upside impulses and is now testing an important resistance level. Experts are paying close attention to this crucial moment in the asset’s price movement.
XRP is currently facing resistance at $2.22, a critical level that will determine the next direction for the cryptocurrency. As HovWaves pointed out, if XRP breaks above this resistance, it could continue its rise, reaching around the $2.4 mark. This would provide further clues about the trend’s strength and the potential for a continued rally.
If XRP manages to break the $2.22 barrier, it could signal the start of a larger move. The post suggests that a break above this level would likely push the price towards $2.4, which could indicate that XRP is entering Wave 3 of its Elliott Wave cycle. This wave is often one of the most powerful in a bullish trend, potentially carrying XRP up to $2.85, as stated by HovWaves.
$XRP
We're seeing some pretty solid moves of our lows across the board
Since our last XRP update it's been a series of upside impulses on the micro and now testing our immediate resistance level (threaded)
If it can break above the 2.22 resistance than it's likely going to… pic.twitter.com/FMJSKcat5t
— Hov (@HovWaves) December 9, 2025
Thus, analysts are closely watching the $2.22 to $2.4 range, as a breakout could set the stage for more significant price action in the coming weeks.
While the bullish outlook remains intact, traders are also keeping a close eye on XRP’s support levels. As HovWaves noted, if the price fails to break above $2.22, it could face a downturn. The critical support zone is around $1.30, and any movement below this level would suggest weakness in the current rally.
Volume and Oscillators: The Key to Confirmation
Volume and oscillators will play a significant role in confirming the strength of XRP’s breakout. According to HovWaves, it’s essential to see an increase in trading volume and positive momentum from oscillators when XRP approaches these key levels. If these indicators align, the breakout will have a stronger foundation and could lead to a sustained upward trend.
Summary of Key Levels
- •XRP is testing key resistance at $2.22.
- •A confirmed breakout above $2.22 could push the price towards $2.4.
- •Further upside targets could reach $2.85 if Wave 3 of the Elliott Wave cycle is confirmed.
- •Key support is identified around $1.30.
- •Increased trading volume and positive oscillator momentum are crucial for confirming any breakout.