XRP is currently trading near $2.14, and the market is showing early signs of bullish strength. On the 24-hour chart, XRP has successfully moved above the 50-day Exponential Moving Average (EMA-50), a key technical level that often signals a shift in short-term trend.]
XRP Chart (Source TradingView)
Momentum indicators are also supporting the bullish case. The MACD on the daily timeframe has turned positive, suggesting that upward momentum is building. At the same time, the RSI remains in healthy territory, indicating that buying pressure is increasing as more buyers step into the market.
Today is an important day for XRP’s price action. The asset is currently facing strong resistance at $2.22. A decisive breakout and daily close above this level could open the door for further upside. If this resistance is flipped into support, the next price target lies around $2.35, with the potential for an extended rally if bullish momentum continues.
On the downside, failure to break above $2.22 could result in short-term consolidation or a mild pullback as the market gathers strength for its next move.
Overall, XRP’s outlook remains cautiously bullish, provided the price holds above the EMA-50 and buyers maintain control of the trend.
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