After a brief dip, XRP is bouncing back above $2.25, showing signs of recovery. The price is currently consolidating, with bulls aiming to break through the key resistance at $2.4650, which could determine the token's next major move.
📈 XRP Breaks Past Crucial Barriers
In recent hours, XRP has made a strong comeback. The price climbed:
above $2.25 and $2.32
surpassed the 23.6% Fibonacci retracement level from the recent drop
and broke a descending trendline near the $2.40 zone
It’s now trading above the 100-hour simple moving average, which is a positive sign for potential continued upside.
🎯 Key Target: $2.4650
The next major resistance sits at $2.4650, aligning with the 50% Fibonacci retracement of the previous move down. A clear break above this level could open the door for a strong rally toward:
$2.50
then up to $2.55
and potentially $2.65 or even $2.80 in the near future
This would signal renewed bullish strength and market confidence.
⚠️ What If XRP Fails to Break Through?
If XRP fails to break above $2.4650, it could trigger another correction. Key support levels to watch:
$2.40 (former trendline)
$2.35 (critical technical zone)
in a deeper pullback scenario, $2.32 or even $2.25
A drop below these levels could mean loss of momentum and a return to previous bearish patterns.
📊 Technical Indicators Show Bullish Potential
The MACD is currently moving in the bullish zone
The RSI (Relative Strength Index) is holding above 50, indicating buying strength
🔍 Summary: XRP at a Crossroads
All signs point to a possible bullish breakout – but only if XRP can successfully clear the $2.4650 resistance. If bulls maintain the pressure, we could see a strong continuation of the uptrend. Otherwise, a correction back to support levels is likely.
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