XRP is currently trading around $1.93, holding strong above a key support level at $1.80. This support zone has remained intact during recent sessions, showing solid buying interest and reducing the risk of further downside.
Despite this stability, XRP is still trading below the 50-period Exponential Moving Average (EMA50) on the 24-hour chart, which is acting as an important resistance near $2.02. A clear break above this level would be crucial for initiating a short-term recovery.
Technical Indicators Show Improving Momentum
Momentum indicators are starting to favor the bulls:
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RSI (24H) is trending upward, signaling increasing bullish strength while remaining in a healthy range.
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MACD (24H) indicates that selling pressure is fading, with momentum gradually shifting toward buyers.
These indicators suggest that XRP may be preparing for a bullish move in the coming sessions.
XRP Price Outlook
If XRP successfully breaks and sustains above the $2.02 resistance, the price could move quickly toward $2.20. With stronger volume and continued momentum, a further rally toward the $2.35 zone becomes possible.
Key Levels to Watch
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Support: $1.80
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Resistance: $2.02
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Upside Levels: $2.20 and $2.35
Final Thoughts
XRP is showing early signs of recovery, supported by strong technical structure and improving indicators. A confirmed breakout above the EMA50 resistance could act as a catalyst for renewed bullish momentum. Traders should closely monitor price action around $2.02, as this level is likely to define XRP’s near-term direction.
Not A Financial Advice
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