$XRP Prepares for a Potential Breakout: Technical Momentum Builds 🚀
The latest analysis on #XRPUSD highlights a developing bullish structure on the daily chart. After a series of higher closes, XRP is approaching a key resistance level at $2.4547 — a zone that could open the gates for further upside if broken convincingly.
Short-term momentum is gaining traction as the 9-day EMA pulls ahead of the 20-day EMA, signaling growing buyer interest. The MACD has flipped positive with an expanding histogram, pointing to increasing bullish momentum, while the RSI remains in a healthy range, suggesting #XRP still has room to move before reaching overbought conditions.
Crucial support levels at $2.325 and $2.2712 offer possible re-entry points for traders looking to join the trend on a pullback. Conversely, a failure to maintain support could expose the token to downside risks toward $2.2124.
For traders, this setup presents multiple scenarios — potential long positions on dips toward support with eyes on $2.5469 and $2.5673 as targets, or short trades if XRP rejects strongly at resistance and loses key support levels.
Read the full analysis: www.ecoinimist.com/2025/05/10/xrp-price-poised-for-liftoof
