Key Takeaways:
- XRP consolidates above $2.35, showing bullish resilience.
- A break above $2.50 could trigger another wave toward $2.65–$2.72.
- Support zones at $2.32 and $2.25 remain crucial for bulls.
- Momentum indicators point to strengthening buyer interest.
XRP Price Gears Up for Another Bullish Move
XRP is showing renewed strength as it consolidates above the $2.35 support level, eyeing another upward move. After facing resistance near $2.58, the cryptocurrency entered a brief correction, dipping below $2.50 before stabilizing around $2.42. Now, traders are watching closely as XRP looks poised for a potential breakout, contingent on clearing the $2.50 barrier.
Also Read: XRP Price Setup Hints at Explosive Short Squeeze: Is a 100% Rally Next?
The digital asset is currently trading near the 100-hourly Simple Moving Average, signaling that momentum is building. Market sentiment remains cautiously optimistic as bulls defend critical support zones while eyeing higher resistance targets.
Resistance Zones Could Define XRP’s Next Move
Technical indicators suggest that XRP’s next challenge lies around the $2.43–$2.50 resistance range. A bearish trend line remains in play at $2.43, which must be broken for the bulls to regain full control. Should XRP close decisively above $2.50, the price could accelerate toward $2.58 and potentially retest the $2.65–$2.72 range.
Conversely, failure to clear resistance could trigger a short-term pullback. Key support levels sit at $2.34 and $2.32 — zones that have consistently attracted buyer interest. A break below $2.32 could shift momentum toward $2.25 or even $2.12, testing the market’s bullish resilience.
Market Outlook: Bulls Hold the Advantage
Despite the recent correction, XRP’s overall market structure remains bullish. The coin’s ability to maintain levels above $2.35 highlights strong accumulation and a positive medium-term outlook. Analysts suggest that a close above $2.50 could reignite momentum and signal the next leg of the rally, aligning XRP with broader crypto market optimism seen in Bitcoin and Ethereum.
Conclusion
As XRP hovers near critical resistance, traders are bracing for a potential breakout. Holding above $2.35 keeps the bullish narrative intact, while a move past $2.50 could open the door to fresh highs toward $2.65 and beyond. In the short term, XRP’s price action appears balanced — but momentum indicators hint that the bulls may soon reclaim dominance.
