XRP is showing signs of consolidation with a bullish bias, as technical indicators suggest a potential breakout if key resistance levels are breached. Based on the latest oscillator and moving average data, XRP currently trades around the pivot zone of $2.05, with price action hinting at a possible upward move toward $2.49 and $2.79.
Oscillators are largely neutral, with the Relative Strength Index (RSI) at 51.30 and MACD showing a slight bullish crossover. Momentum indicators remain indecisive, though the MACD Buy signal may indicate early accumulation. The Momentum (10) is giving a Sell signal, highlighting short-term hesitancy, but this could shift quickly with broader market strength.
Moving averages provide a mixed picture. While short-term 10 and 20-period EMAs are in Sell territory, all longer-term MAs (30, 50, 100, 200) signal Buy, suggesting the broader trend remains upward. This divergence often precedes a potential breakout as the market resolves short-term indecision.
Key support levels lie at $2.05 (Pivot) and $1.75 (S1), while resistance levels to watch are $2.49 (R1) and $2.79 (R2). A confirmed breakout above $2.49 could open the door to higher gains, with upside targets extending to $3.00–$3.53 in a strong bullish scenario.
On the downside, failure to hold above $2.00 could expose XRP to lower supports at $1.75 and $1.31. However, with broader crypto market sentiment stabilizing, the bullish path currently holds the higher probability.
In conclusion, XRP appears poised for an upward move if it maintains strength above the $2.05 pivot. Traders should watch for a breakout above $2.49 with volume confirmation for further upside potential.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.