### **XRP Bulls Hold Strong as Price Retests Key Support Levels**
XRP surged past **$2.60** before retracing from its recent high of **$2.65**. The pullback has brought the price to a critical support zone near **$2.48**, where buyers may step in.
#### **Key Takeaways:**
- **XRP/USD** broke below a short-term bullish trend line with support near **$2.55** (hourly chart).
- The price remains above **$2.50** and the **100-hour SMA**, keeping bullish hopes alive.
- If **$2.48** holds, another upward move could be in play.
### **Price Correction Underway After Strong Rally**
Following Bitcoin and Ethereum’s lead, XRP initiated a fresh uptrend after clearing **$2.42**, breaking through **$2.50** and **$2.55** with ease. Bulls even pushed past **$2.60**, testing **$2.65** before profit-taking set in.
The current pullback has seen XRP dip below **$2.55**, the **50% Fibonacci retracement** level (measured from the **$2.4220 swing low to $2.650 high**). However, the price remains above the **100-hour SMA**, suggesting underlying strength.
### **Next Key Resistance Levels**
For another bullish wave, XRP must overcome:
1. **$2.55** (immediate resistance)
2. **$2.58** (first major hurdle)
3. **$2.60** (psychological barrier)
A decisive break above **$2.60** could propel XRP toward **$2.65** and beyond, with **$2.72–$2.75** as the next targets. Further upside could even challenge **$2.88**.
### **Downside Risks to Watch**
If **$2.58** holds as resistance, XRP could see another dip. Key support levels include:
- **$2.51** (61.8% Fib retracement of the recent rally)
- **$2.48** (critical support zone)
A **close below $2.48** may trigger a deeper correction toward **$2.45**, with **$2.42** acting as the next major defense line.
### **Technical Indicators**
- **Hourly MACD:** Losing bullish momentum.
- **RSI (Hourly):** Below 50, indicating neutral to bearish sentiment.
**Major Support Levels:** **$2.51, $2.48**
**Major Resistance Levels:** **$2.60, $2.65**
