In mid-December #XRP挑战2美元阻力位 $XRP 2025, XRP challenged the $2 resistance level three times, all ending in failure. On December 15, it slightly dropped 1% from $2.03 to $2.01, briefly dipped to $1.98 before rebounding, ultimately fluctuating between the support level of $1.97 and the resistance band of $2.01. This setback was the result of multiple factors. The specific situation is as follows:
1. Increased selling pressure from institutional fund withdrawals: On December 15, when XRP attempted to break through, approximately $86 million net flowed out of the contract market, with institutional funds accounting for 62%. These large institutions reduced their leverage positions as the price approached $2, and at this time, the cryptocurrency fear and greed index was only 48, in a neutral range, lacking the emotional heat seen during previous attempts to break through, further amplifying the short-term correction pressure.
2. Macroeconomic environment suppressing upward space: After the Federal Reserve cut interest rates in December, three senior officials publicly warned of inflation rebound, causing market expectations for subsequent easing policies to cool down. Assets like XRP, which have strong speculative characteristics, are heavily influenced by the liquidity environment, and the fading of easing expectations directly limits its upward space, making it difficult to gather enough momentum to break through the $2 resistance level.
3. Lack of bullish support in technicals: Technically, XRP is facing ongoing troubles, constrained not only by the descending channel formed since August but also by strong pressure near the 100-day and 200-day moving averages around $2.60. Furthermore, the current relative strength index is hovering around 40, with no bullish divergence appearing, and downward momentum continues, making it challenging to form an upward trend to break through resistance levels.
However, XRP also has some long-term positive support, such as the recent stable inflow of funds into the US spot XRP ETF, and upgrades to custodial services and expansion of DeFi applications in its ecosystem are also progressing. If it can stabilize around the support level of $1.97 with these positives, there may be an opportunity to challenge the $2 resistance level again.
