XRP Poised for Liftoff as Daily Chart Flips Bullish
XRP has staged a steady recovery over the past few sessions, with its daily chart now showing a shift toward bullish momentum.
The price has moved decisively higher, suggesting growing buying pressure, and traders are beginning to eye the next major hurdle at the $2.4547 resistance level.
XRP Moving Averages Confirm the Bullish Bias
One of the clearest signs of this bullish turn is the behavior of the exponential moving averages. The 9-day EMA is now pulling ahead of the 20-day EMA in a widening formation, a classic signal of short-term bullish strength. This alignment indicates that recent gains are not isolated, but rather part of a larger push that could extend further — particularly if bulls manage to hold above the $2.325 support zone, a key area that previously acted as resistance.
Momentum indicators are also painting an encouraging picture. The Relative Strength Index (RSI) has been climbing steadily and is currently sitting in a healthy range, suggesting that XRP still has room to grow before hitting overbought territory. This is important for sustaining a breakout should the price challenge the next resistances at $2.5469 and $2.5673.
Daily chart for XRP/USD (Source: GeckoTerminal)
The MACD further reinforces this bullish narrative. After spending time in negative territory earlier, the histogram has flipped decisively positive, with the MACD line now separating from the signal line — often a precursor to price acceleration. This uptick in momentum aligns well with the EMA crossover, suggesting convergence across multiple technical fronts.
Key Support Levels to Watch
That said, not all risks are off the table. A failure to hold above the $2.325 or $2.2712 support levels could lead to renewed selling pressure, especially if the RSI begins to diverge from price action. The $2.2124 level would then become the next line of defense for bulls.
From a trading perspective, long positions could be considered on pullbacks toward the $2.325 or $2.2712 zones, with upside targets near $2.4547 and potentially higher if momentum continues. Short trades, while riskier in the current structure, might be viable if XRP gets firmly rejected at resistance with weakening momentum indicators — particularly if price slips below the $2.2712 support with volume confirmation.
Conclusion: Breakout Brewing?
Overall, XRP’s chart is leaning bullish with early signs of a breakout brewing. Traders should monitor volume closely as price approaches the $2.4547 resistance level. A surge in volume on a breakout could be the confirmation needed for trend continuation.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
