The XRP price is experiencing a surge, trading above $2.15 with momentum building for a potential breakout or range retest. The bullish structure shows a rebound from the key support level around $1.85, marked by higher lows. MACD and RSI indicators hint at early-stage bullish continuation signs. 📈
XRP’s price action has shifted from accumulation near $1.85 towards mid-range resistance just above $2.15. This shift indicates a tightening range, setting the stage for a decisive move – either a breakout or a retest of support.
Key Insights:
* Sjuul AltCrypto analysis reveals two potential scenarios for XRP’s price trajectory: a breakout above resistance and a retest of the key support level at $1.85. These scenarios are driven by the recent rebound after hitting the key support zone.
* His analysis highlights two focal zones: Support around $1.85 and resistance near $2.90, forming a horizontal range.
* Sjuul suggests two trade approaches depending on XRP’s reaction at the $2.15–$2.25 region. Either a direct breakout or a retest of support could confirm continuation. His projections indicate a bullish path if XRP flips the mid-range level and holds above it during consolidation.
* Sjuul notes that price currently trades just above support, aligning with previous reversals from this zone. He highlights holding above $2.15 would maintain bullish structure and raise breakout potential, while a retrace to $1.85 remains a valid scenario within the range if rejected.
Technical Indicators and Chart Analysis:
* TradingView data reveals an upward trend in XRP since October 2024 after breaking out of a consolidation period, supported by a rising diagonal trendline.
* Two horizontal support zones at $1.88 and $1.33 marked significant bullish reversal points.
* Increased trading volume during breakout phases validates the trend’s strength.
* Despite recent corrections, XRP has maintained higher lows, preserving its bullish structure.
Resistance remains firm between $2.14 and $2.20, stalling previous rallies. RSI is approaching neutral momentum levels near 41.94, while MACD crossovers confirm directional strength with early-stage bullish recovery.