Ripple is being compressed between the main moving averages, signaling accumulation for a potential breakout. Watch for a decisive move above $2.35, which could generate strong bullish momentum towards $2.5. Until then, XRP remains range-bound with limited direction in the short term.
XRP Technical Analysis
Daily Chart
Ripple is currently trading in a narrow consolidation range, located between the 100-day and 200-day moving averages, a sign that the market is less volatile and lacking decisiveness.
After dropping below both MAs, XRP found strong buying support near $2.1, prompting a bullish reversal. The price has risen back above the 100-day MA at $2.2, signaling initial signs of recovery. However, the upward momentum remains limited, as XRP is currently facing resistance at the 200-day MA around $2.35.
A decisive breakout above this level could trigger a wave of new buying pressure, pushing the price to the upper boundary of the long-standing wedge pattern near $2.5. Currently, weak momentum suggests a higher likelihood of short-term consolidation within this narrow range. A breakout, either above resistance or below support, is likely to define the next major directional move.
4-Hour Chart
Zooming into the 4-hour chart, XRP shows clear signs of a bullish reversal after a strong recovery from the key support area at $2.1. This move leads to a breakout above the short-term downward price channel, reinforcing further bullish potential.
Currently, the asset is testing a crucial resistance level at $2.3, where significant selling pressure is expected. A breakout and successful retest of this level would pave the way for a bullish move towards the $2.5 target. Conversely, failing to break above $2.3 could lead to a short-term rejection and a bearish correction.
The upcoming price action around the $2.3–$2.35 area is very important. A confirmed breakout could act as a catalyst for the next bullish wave, while a rejection could leave XRP stuck in a consolidation phase.