XRP has just recorded a new strong increase, surpassing the $2.50 threshold and currently showing many positive signals in the market. If this trend continues, it is highly likely that this cryptocurrency will soon test the next important resistance levels around $2.60 and $2.62.

XRP rises over 5% – Clear recovery signals

After stabilizing above the support level of $2.40, XRP has begun a new upward trend similar to Bitcoin and Ethereum. Strong buying momentum has helped the price surpass the resistance level of $2.45, then continue to break through the psychological milestone of $2.50 and establish a new peak at $2.5870.

Currently, XRP is trading steadily above $2.50 and is above the 100-hour simple moving average, indicating that the uptrend remains dominant. Additionally, a main upward trend line is also forming, serving as an important support around the $2.50 level on the hourly chart of the XRP/USD pair (data from Kraken).

Immediate resistance – Bullish scenario

In the current upward trend, XRP may face its first resistance at $2.5880. If buying pressure continues and the price breaks through the $2.60 range, it is highly likely that XRP will move to test the resistance area of $2.620. Furthermore, the next target levels could be $2.650 and even $2.6850 in the short term. If the uptrend is even stronger, the next notable resistance may be around $2.75.

Correction scenario – Downside risk if it fails at $2.62

However, if XRP cannot break through the resistance zone of $2.620, a downward correction may occur. The nearest support is at $2.50, coinciding with the current upward trend line. If the price breaks this level, the next strong support will be around $2.45.

In the event of increased selling pressure and the price closes below $2.45, XRP may continue to decline towards the support level of $2.42 – which is also the 50% Fibonacci retracement level of the rally from $2.25 to $2.5870. Beyond that, the next important support will be $2.40.

Technical analysis: MACD & RSI

  • MACD (Moving Average Convergence Divergence) on the timeframe is showing a bullish signal, indicating that buying momentum is strengthening.

  • RSI (Relative Strength Index) is also above 50, reinforcing a positive outlook in the short term.

Summary

XRP is experiencing an impressive recovery and the short-term outlook still leans bullish if the support at $2.50 holds. Breaking through key resistance levels like $2.60 and $2.62 will open opportunities for XRP to advance further towards the $2.65–$2.75 range. However, investors also need to be aware of key support levels to guard against a potential correction if the price cannot maintain its upward momentum.