Looking at the 2-hour chart for $XRP /USDT on Binance, there’s an undeniable sense of momentum building. After bottoming out around $2.07 on May 6, XRP has staged a strong rally, pushing as high as $2.44 before consolidating near $2.41. This move represents a steady and healthy climb, supported by a rising pattern of higher highs and higher lows—classic signs of an uptrend.
Volume has increased alongside price, especially during bullish candles, showing strong buyer participation and confidence. The moving averages (MA5 and MA10) are aligned upward, further reinforcing the short-term bullish narrative. Momentum indicators like the RSI and MACD (though not fully visible here) are likely in bullish territory, considering the strength of the rally and consistent buying pressure.
The order book gives an extra clue: buyers are still aggressive, though sellers currently dominate the ask side, with 65.38% of the pressure. This suggests that while the price is climbing, profit-takers are active, and any push above $2.44 could face temporary resistance. However, if XRP breaks that barrier with volume confirmation, we could see a sprint toward $2.6 or even the psychological $3 level in the short-to-mid term.
Unless there’s a sharp reversal or a sudden market-wide correction, the trend remains bullish. XRP looks like it’s in the middle of a breakout cycle. For now, the bulls are in control, and the chart is whispering one thing: "Don’t fade the move just yet."
Support and Resistance Zones
Immediate Resistance: $2.44 (recent high – needs a clean breakout with volume).
Next Resistance Levels:
$2.60 (psychological + Fibonacci 1.272 extension).
$2.87–$3.00 (Fibonacci 1.618 extension + strong psychological barrier).
Immediate Support: $2.30 (previous resistance turned support).
Major Support: $2.07 (recent swing low – breaking below would invalidate current uptrend).
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Fibonacci Extension Projection (from $2.07 low to $2.44 high)
1.272 Extension → ~$2.60
1.618 Extension → ~$2.87
These levels often act as profit-taking zones in strong trends. If bullish momentum continues and breaks $2.44, XRP could target $2.60 quickly, then attempt $2.87–$3.00 range.
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Conclusion: If XRP maintains above $2.30 and breaks $2.44 with strong volume, $2.60 becomes the next short-term magnet. Beyond that, $3 is a realistic mid-term target—especially if broader market sentiment stays bullish.
