$XRP 🌊 XRP's $2.20 Push: Breaking the "Supply Wall" Resistance

XRP, currently trading at $1.93, is navigating a high-stakes recovery toward the $2.20 psychological barrier, a move that would require a 13.9% rally. This $2.20 level is technically vital as it represents the "neckline" of its current corrective range and sits just above the 200-day EMA ($1.92), which has transitioned from support into a stubborn overhead resistance cluster. Reclaiming this level is essential to invalidate the recent bearish "long squeeze" and signal that the market has successfully absorbed the selling pressure from mid-December's $1.80 local bottom.

The momentum for this target is fundamentally supported by sustained institutional inflows, with Spot XRP ETFs and Ripple’s RLUSD stablecoin expansion providing a resilient fundamental floor despite a broader "Neutral" technical sentiment. While the 200-day moving average has been sloping downward, suggesting a weak long-term trend, the current oversold StochRSI conditions indicate that a relief rally is statistically probable if buyers can defend the $1.82–$1.85 support zone. To hit $2.20, XRP must first decisively flip the $2.00–$2.10 supply cluster into support. A confirmed daily close above $2.20 would clear the path for a potential year-end surge toward the $2.50 macro target.