Today, $XRP is trading around $2.25, showing an increase of +2.50% in the last 24 hours. In the 4-hour chart, a significant bullish momentum is observed after reaching a recent low of $2.0355.
Currently, XRP has strongly surpassed its short-term moving averages (7 and 25 periods), indicating a possible trend change. Additionally, significant buying volume is noted, reinforcing the idea that buyers are taking control of the market at this moment.
However, upon approaching $2.30, the price encountered resistance, slightly retreating to $2.25. In the Order Book, strong sell orders are also observed around $2.50, which could be a barrier if the price attempts to continue rising.
The immediate support is located near $2.21–$2.23, where there is an accumulation of buy orders. If XRP manages to stay above $2.23, it could attempt to attack the $2.30 zone again and eventually seek $2.50.
In summary, XRP shows strength in the short term but faces important resistances. For traders, monitoring the support at $2.23 and the resistance at $2.30 will be key in the coming hours.
