XRP continues to trade above the $2.38 support level after a recent pullback, showing signs that bullish control may still persist. Market analysts suggest that sustained buying pressure could lead to a potential breakout in the coming sessions, although technical signals remain mixed.
Early Strength and Short-Term Resistance
Market analyst Umair Crypto noted in his latest update that XRP initially showed strong momentum after rebounding from its 50-day Simple Moving Average (SMA). The token briefly climbed to $2.52, closing solidly on the 4-hour chart—a signal of renewed buyer confidence.
However, that momentum faded before XRP could test its 100-day SMA, suggesting waning strength at higher levels. Umair emphasized that the Relative Strength Index (RSI) trendline is now crucial for determining the next move.
- A break below the RSI trendline could confirm further downside pressure and a continuation of the local downtrend.
- Conversely, holding the trendline support could stabilize XRP and attract renewed bullish activity.
For now, XRP’s $2.38 support remains the key short-term threshold. Losing this level could expose the asset to further downside risks.
MakroVision Research: Momentum or Pause Ahead?
According to MakroVision Research, XRP recently halted its decline within the lower Golden Pocket zone ($1.40–$1.55), rebounding sharply as buying demand resurfaced. The research firm now identifies the next resistance range at $2.48–$2.65, which represents a decisive test for the bulls.
- Failure to break above $2.65 could result in temporary consolidation, as the market gathers strength for a potential move.
- Support at $1.96 remains critical; a drop below this level could reignite bearish momentum.
- A sustained breakout above $2.65 could open a path toward $3.06, confirming renewed bullish strength and potentially triggering a broader rally.
Outlook: Bulls Defend, but Tests Ahead
Analysts agree that XRP’s sharp rebound from the Golden Pocket and its defense of key support zones indicate continued buyer activity. However, the coming sessions will be crucial.
The market’s next phase will depend on whether bulls can overcome the $2.65 resistance barrier and sustain higher closes. A confirmed move above this level would mark a return of broader bullish momentum, while failure could mean more consolidation—or even a deeper retracement.
In summary, XRP remains at a decisive technical crossroads, with its short-term trajectory hinging on the strength of the $2.38 support and the market’s ability to reclaim the $2.65 resistance zone.