๐ซ๐ฅ๐ฃ ๐ง๐ฟ๐ถ๐ด๐ด๐ฒ๐ฟ๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ โ ๐ก๐ฒ๐ ๐ ๐ฆ๐๐ผ๐ฝ: $2.40 ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ผ๐ป๐ฑ?
XRP has finally cleared its key $2.35 resistance and is trading around $2.3827, gaining over 2% in the last 24 hours.
๐ Whatโs Fueling XRP Now?
โ Regulatory clarity: Rippleโs US license application and policy influence are boosting confidence, attracting institutional buyers.
โ Market momentum: XRP is riding the crypto marketโs broader rebound, but itโs outperforming peers with stronger legal footing.
โ Technical breakout: XRP has now broken the $2.35 barrier, a level traders have watched for weeks.
๐ Key Levels To Watch
Immediate Resistance: $2.40 (psychological round number)
Next target zone: $2.44โ$2.50 if bulls stay in control
Current Support: $2.35โ$2.36 (previous breakout level now flipped to support)
Invalidation: Below $2.35 with strong selling volume โ short-term trend at risk
โ๏ธ Technical Signals
Trend: XRP remains in a healthy uptrend with higher highs and higher lows inside an ascending channel.
50 EMA: Around $2.29 โ acts as dynamic support.
200 EMA: Around $2.25 โ bulls want to keep price well above this line.
RSI: Around 70 โ overbought zone means short pauses or small pullbacks are normal.
๐บ๏ธ What Traders Should Watch Next
โ If XRP holds above $2.35 and closes strong above $2.38, buyers could push for $2.44โ$2.50 next.
โ ๏ธ If XRP rejects near $2.40 with a clear reversal candle (like a long wick or bearish engulfing), watch for a healthy pullback toward $2.36โ$2.35 โ this is a reload zone for bulls.
๐ซ If XRP dumps below $2.35 with big sell volume, momentum may fade back toward the 50 EMA ($2.29) โ traders should consider cutting longs until a new base forms.
๐ Bottom Line
Rippleโs clear legal moves and fresh breakout have bulls back in charge โ but holding the line above $2.35 is key. If momentum stays hot, $2.44โ$2.50 is the next short-term target zone.