XRP is holding above important support levels after several weeks of steady increases, but continues to face resistance below the $2.65 mark. Although struggling to break higher, the price action remains constructive, and traders are closely watching for signs of a breakout. The market appears to be preparing for a decisive move, with both buyers and sellers waiting for confirmation.
Some analysts believe XRP is on the verge of significant bullishness, especially as overall market sentiment improves and Bitcoin stabilizes above important psychological levels. Leading cryptocurrency analyst Ali Martinez has furthered this perspective by sharing a technical analysis highlighting a bullish setup emerging on XRP's lower timeframes. A key indicator on the 1-hour chart has flashed multiple buy signals, often associated with local bottoms and short-term recoveries.
This setup indicates underlying growth momentum and reinforces the bullish outlook, at least in the short term. If buyers can overcome the $2.65 resistance, XRP could open the door for a price increase towards previous highs. Currently, the focus remains on whether this technical signal will translate into a breakout or if further consolidation is needed before the next major move.
XRP is building momentum on lower timeframes.
XRP is showing impressive resilience and remains one of the standout performing coins in the current market cycle. After a price increase of over 50% from the lows in April, XRP has slightly pulled back from the recent local high of nearly $2.80, but continues to trade above key support levels. This pullback appears healthy considering the scale of the recent move, and momentum remains strong with buyers, at least for now.
Market sentiment surrounding XRP is divided. Some analysts are calling for the beginning of a new bullish phase, expecting significant gains driven by new altcoin strength and institutional interest. However, others warn that the current price action may be a temporary recovery in a broader downtrend, cautioning that failing to reclaim higher resistance levels could lead to a strong correction.
Despite the divided outlook, technical signals are trending bullish in the short term. Martinez shared an update revealing that the TD Sequential indicator has printed several buy signals on XRP's hourly chart. This tool is often used to identify trend reversals or trend continuations, and in this case, it suggests XRP may be preparing for another price increase.
If buyers can reclaim the $2.80 level and surpass recent highs, XRP could continue its upward trajectory and test key resistance levels around $3.00 and above. Currently, all eyes are on how the price reacts to short-term signals—particularly the buying zone identified by TD Sequential—which could determine the next move in this critical phase of XRP's market structure.
Price Analysis: Testing Key Support Levels After a Strong Rally.
XRP is currently consolidating around the $2.35 level following a strong rally earlier this month that pushed the price up to nearly $2.80. The chart shows that after reaching that local peak, XRP pulled back but remains above the 200-day EMA ($2.04) and the 200-day SMA ($2.18), both of which now act as dynamic support zones.
This pullback appears to be part of a healthy correction following the strong rally, and the structure still supports buyers as long as XRP stays above $2.20. Price action indicates a potential base forming around the $2.35 area, with decreasing volatility suggesting the market may be preparing for the next move.
Volume has slightly decreased since the peak, indicating temporary exhaustion among buyers, but the lack of strong selling pressure suggests that most market participants are holding during the consolidation phase. Breaking through the $2.60–$2.65 range could open the door to retesting the $2.80 resistance level and potentially breaking through.