- XRP trades near $2.40 today, under the $2.50 pivot; $2.70 to $2.83 remains the resistance band to clear and hold.
- UnknowDLT says XRPL utility and Ripple corridors drive value ahead of patterns in a utility market.
- Tyler Bolli keeps technical analysis for profit-taking on strength and reinvestment on pullbacks as liquidity shifts.
XRP trades around $2.40, which places price below the $2.50 pivot that many traders used as support earlier this week. The $2.70 to $2.83 zone still caps upside and defines where buyers must prove control.
Price that stays under $2.50 favors range behavior inside the lower half. Price that holds above $2.83 for 30 to 60 minutes usually shifts bias to continuation and turns the band into support.
XRPL utility can lead the next directional move
UnknowDLT centers the view on XRPL settlement and Ripple payment corridors as the primary driver in a utility market.
He argued that while Technical Analysis can work for speculative assets, it fails to account for XRP’s role in revolutionizing global financial systems. According to him, XRP’s value is linked to its function in cross-border payments and decentralized finance, making it less susceptible to the same market forces that influence other cryptocurrencies.
XRP’s value, UnknowDLT suggested, isn’t driven by speculation but by its increasing use in improving financial systems. He believes that holding XRP is an investment in the future of how money will move across borders.
Related: Bill Morgan Sets Standard Response to XRP Role as Ripple Expands Its Partnerships
XRP’s Growing Role in Global Finance
UnknowDLT also highlighted XRP’s ability to transform cross-border transactions. Ripple, the company behind XRP, has already partnered with several leading financial institutions, including Santander, Japan’s SBI, Onafriq, and Tranglo, to enhance the efficiency of international payments.
Technical analysis manages timing, profit-taking, and invalidation
While UnknowDLT is focused on XRP’s long-term potential, some members of the XRP community argue that traditional technical analysis still holds value for short-term market movements.
Tyler Bolli keeps execution rules simple. $2.50 acts as the risk pivot for stops and size while spot sits near $2.40. $2.70 to $2.83 acts as the trigger area for momentum checks.
A confirmed hold above $2.83 supports pullback entries against the reclaimed zone with stops tight under the band. A clean failure through recent floors argues for patience until order book depth returns, then a fresh read on supports before adding risk. TA does not set value here; TA keeps action disciplined while the utility story develops.
What confirms XRP strength next?
XRPL integrations, new corridors, and policy clarity tend to thicken order books near the top of the range before a sustained move. Tighter spreads and firm bids around $2.70 to $2.83 raise the odds of a durable hold above resistance.
Thin books and wider spreads tilt rotation back toward $2.40 to $2.50. A desk-ready plan keeps $2.50 as the risk pivot, treats $2.70 to $2.83 as the decision area, and waits for a confirmed hold above $2.83 to validate continuation while spot trades near $2.40.
Related: XRP Traders Eye $2.74 to $2.83 if Price Clears $2.50 Today as SEC Shifts Stance
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Source: https://coinedition.com/xrp-technical-analysis-utility-debate-today/
