XRP Hints at Bullish Reversal But Faces Resistance Ahead

#XRP is currently navigating a critical juncture on the daily chart. After a brief rally, the asset has entered a consolidation phase just below key resistance at 2.2949. The 9-day EMA is beginning to curve upward, while the 20-day EMA remains slightly overhead—suggesting a market in transition rather than one fully in bullish control.

The MACD histogram has recently flipped positive, signaling a reduction in bearish pressure and an early sign that momentum could be shifting. RSI readings climbed into neutral territory before easing, reflecting cautious optimism among traders without showing signs of overextension.

Support remains firm at 2.2712, with deeper levels at 2.2124 and 2.1453 offering potential entry zones if selling resumes. On the flip side, a confirmed break above resistance at 2.2949 could trigger a move toward 2.3238 or even higher.

For market watchers, this setup presents a balanced mix of opportunity and risk—one worth monitoring closely as trend confirmation unfolds.

#TechnicalAnalysis #Ripple $XRP

Read the full analysis: www.ecoinimist.com/2025/06/10/xrp-hints-bullish-reversal