XRP has been showing signs of controlled strength, moving upward from the $2.02 zone to a local high around $2.17. The price now finds itself in a tight consolidation, hinting at the calm before the storm. The current range between $2.10 (support) and $2.17 (resistance) is the battlefield — and the breakout direction will determine the next leg.
Support & Resistance Zones
- Support: $2.08 – $2.10
Buyers have consistently stepped in at this zone, forming a soft floor.
- Resistance: $2.17 – $2.20
Sellers are guarding this level tightly, with multiple rejections indicating heavy supply.
Trend & Price Structure
- The trend is bullish in the short term, though momentum has paused.
- A rectangle pattern is forming, signaling a breakout setup.
- A potential bull flag also emerges, suggesting continuation if $2.17 breaks.
- The price has printed a double top around $2.17, often a reversal signal, but confirmation is lacking without a support break.
Indicators
- ADR (14):
- Sits at 0.0111 — a significant compression from prior levels. Low range = high probability of breakout.
- MACD (12, 26):
Bearish crossover is in play, but histogram bars are weak. This hints at fading downside momentum and potential for reversal.
What’s Next?
XRP is coiling, and a breakout is near. A push above $2.17 could open the doors to $2.25 and $2.30 quickly. Conversely, slipping below $2.10 could drag it toward $2.04 or the psychological $2.00 level.
The risk-to-reward ratio favors bulls — if volume kicks in. A breakout above resistance with strong volume would confirm the strength and invalidate the double-top concerns.
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Fundamentals Still Back the Bulls
Ripple’s ongoing utility push through ODL expansion and cross-border finance integration keeps XRP fundamentally strong. Regulatory wins and broader crypto market optimism provide additional tailwinds. With growing confidence from institutions and traders, XRP’s structure aligns with a bullish breakout narrative.
Final Take
XRP is loaded like a spring. Indicators show exhaustion on both sides, while price action compresses near a critical zone. With fundamentals steady and technical leaning bullish, eyes are on a break above $2.17 — the likely trigger for the next wave up.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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