XRP has recently maintained an upward momentum, with the price briefly breaking through the important resistance level of 2.60 USD, but a short-term pullback occurred after testing 2.65 USD.

Currently, the price is still in a technical correction phase, and the bulls are seeking to re-establish an advantage in the key support area.

Bulls dominate the market, with a slight retreat after testing 2.65 USD.

With a solid support maintained above 2.42 USD, XRP continues its upward trend, gradually breaking through the resistance areas of 2.50 USD and 2.55 USD, and successfully probing 2.65 USD.

However, after reaching the phase high, the price retreated, breaking below 2.55 USD, and retracing to the 50% Fibonacci retracement level of the range from 2.4220 USD to 2.650 USD.

Additionally, on the XRP/USD hourly chart, a short-term bullish trend line was effectively broken, with the support level at that time near 2.55 USD.

The price remains above key moving averages, and there is still a possibility of a short-term rebound.

Currently, XRP's price remains above the 2.50 USD level and holds the 100-hour simple moving average, and the short-term trend has not completely weakened.

If it can break through the upper resistance levels of 2.55 USD and 2.58 USD, the price is expected to challenge again:

  • 2.60 USD

  • 2.65 USD

  • Stronger resistance is in the range of 2.72–2.75 USD

  • The medium-term target is 2.88 USD

If it falls below 2.48 USD, the risk of a pullback increases.

If the price fails to effectively break through 2.58 USD, it may face further downward pressure. The current preliminary support below is:

  • 2.510 USD

  • 2.480 USD (corresponding to the Fibonacci 61.8% retracement level)

Once it breaks and closes below 2.48 USD, it may trigger more selling pressure, pushing the price to test:

  • 2.45 USD

  • 2.42 USD (key structural support)

Technical indicator analysis

  • MACD (hourly level): in the bullish area, but momentum is weakening.

  • RSI: below 50, short-term market sentiment leans towards neutral to weak.

Summary: Holding 2.48 USD will determine the fate of the bulls

Currently, XRP is in an adjustment phase after the rise; if the price holds above 2.48 USD and returns above 2.60 USD, it is still expected to continue the rebound trend.

Conversely, if it loses the key support, bullish momentum will further weaken, and the short-term may fall into a consolidation correction pattern.