After weeks of sluggish movement and investor fatigue, XRP price is showing its first real signs of life. The token, which has long hovered under resistance without major moves, has sparked fresh bullish interest by reclaiming key technical levels. The charts are beginning to flash early breakout signals, and traders are wondering: is this the start of something bigger?
With renewed optimism across the broader crypto market and XRP climbing steadily on both daily and hourly timeframes, we take a closer look at the price action, key support and resistance levels, and what the next move might be. Let’s dive into the charts to find out whether XRP is ready for a breakout—or setting up for another fade.
XRP price is showing early signs of strength after weeks of consolidation. On the daily chart, XRP has climbed back above $2.25 with a Heikin Ashi green candle closing above the 20-day SMA. The price currently trades around $2.25, gaining nearly +1.06% for the day. This indicates that bulls are beginning to regain control.
Notably, the price is attempting to break past the 100-day SMA at $2.25 and is flirting with the 50-day SMA resistance near $2.27. A successful daily close above $2.27 could flip this level into strong support, creating room for XRP to target the next resistance zone at $2.45–$2.60.
Zooming out, XRP's structure since early May resembles a rounded bottom. This is typically a bullish reversal pattern. Price bounced off a low of $2.00, and if the rounded structure plays out fully, we could estimate a measured move.
Target Calculation:
This gives XRP a short-term target of $2.80, assuming a clean breakout above $2.40.
The hourly chart confirms short-term bullish momentum. XRP price surged from $2.19 to a high of $2.29, with the rally pausing at local resistance. The Heikin Ashi candles turned red during the correction phase, but a small green body has just formed, suggesting buyers are re-entering.
XRP is now trading just under the pivot resistance level and appears to be consolidating above the key SMAs:
This clustering of moving averages below the current price creates a bullish support ribbon. Unless XRP breaks below $2.19 again, the short-term trend remains intact.
Moreover, the Fibonacci retracement tool from the recent $2.00 low to $2.29 high shows the 0.5 level around $2.145—and XRP price never touched this zone. This shallow retracement implies bulls are buying dips aggressively, reinforcing the strength of the current move.
Yes, and it’s evident in the compression between the 100-SMA and 200-SMA on both timeframes. The daily moving averages are coiling, and XRP has now broken above all major short-term resistance zones on the hourly chart. This compression often precedes a volatile breakout move.
Using a simple momentum projection:
If XRP price continues to gain at a rate of 2% per day (based on past 3-day average), a $2.25 price would become $2.80. At a steady 2% daily gain, XRP’s price of $2.25 could grow to around $2.75 in 10 days
So in about 10 trading days, XRP could test the $2.75–$2.80 zone, aligning with the rounded bottom projection.
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XRP price must hold the $2.19 support zone. A breakdown below the 100-hour SMA would flip momentum. If price slips below $2.00 again, the rounded bottom structure fails, and bearish pressure may resume.
The daily 200-SMA at $2.34 is a key make-or-break level. If XRP gets rejected here with high volume, it could mark a local top.
Technically, XRP price is poised for a breakout. The daily and hourly chart align in showing a bullish structure with higher lows and narrowing resistance levels. If XRP breaks and closes above $2.45 and holds above $2.27 this week, it sets up a path toward $2.80 and possibly $3.00.
However, momentum needs to sustain, and macro news or legal developments with Ripple can still inject volatility.
XRP price looks ready—but the next 48 hours will decide if the bulls truly have the upper hand.
$XRP, $XRPPrice
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