XRP Holds Key Support as Bulls Eye Recovery After Pullback

Price action suggests bulls are still in control—if key levels hold.

XRP surged past $2.60 earlier this week, hitting a local high of $2.65 before pulling back. While the price has since dipped, support at $2.48 remains intact, and bulls may still have room to run.

Current Price Outlook:

• XRP is trading above $2.50 and the 100-hour Simple Moving Average (SMA).

• The price broke below a key bullish trendline near $2.55, but remains within a healthy consolidation range.

• As long as $2.48 holds, the bullish structure remains valid.

Key Levels to Watch:

Upside Resistance:

• $2.55 – immediate resistance and retest zone.

• $2.58 – first major hurdle.

• $2.60 – a clean breakout could trigger a surge toward:

• $2.65 (previous high)

• $2.72–$2.75

• Possibly $2.88, if momentum accelerates.

Downside Support:

• $2.51 – aligns with the 61.8% Fib retracement of the $2.422 → $2.650 move.

• $2.48 – critical support. A breakdown here could target:

• $2.45

• $2.42 (previous swing low)

Technical Indicators:

• MACD (Hourly): Losing bullish momentum — slight bearish crossover forming.

• RSI (Hourly): Below 50, suggesting weakening buying pressure but no confirmed breakdown.

Summary:

XRP’s short-term pullback is healthy so far and may be setting up for the next leg higher, as long as the price holds above $2.48. A reclaim of $2.60 would likely reignite bullish momentum, with eyes on $2.72+ targets.

If bulls fail to defend support, however, a deeper retracement toward $2.42 remains on the table.