XRP is currently navigating a pivotal zone in the crypto market, as Ripple attempts to push past major resistance levels amid tightening technical indicators. This build-up suggests a possible breakout may be on the horizon for the digital asset.
XRP is currently navigating a pivotal zone in the crypto market, as Ripple attempts to push past major resistance levels amid tightening technical indicators. This build-up suggests a possible breakout may be on the horizon for the digital asset.
XRP Technical Outlook
Daily Timeframe Insights
XRP is presently trading within a narrow band between its 100-day and 200-day moving averages, reflecting low volatility and market indecision. After dipping below both these moving averages, XRP found its footing near the $2.1 mark, triggering renewed buying interest and a modest recovery.
The token has reclaimed the 100-day moving average, now situated at approximately $2.2, which may indicate the early stages of a rebound. Yet, upward progression is currently restrained by the 200-day moving average, which serves as overhead resistance around the $2.35 level.
Should XRP manage to close decisively above $2.35, it could pave the way for a stronger bullish wave targeting $2.5. However, without clear upward momentum, there remains a strong likelihood that the asset will continue to oscillate sideways within its present tight range. The direction of the next major move will hinge on whether XRP can break this resistance or slip below nearby support.
Short-Term 4-Hour Overview
A closer inspection of the 4-hour chart highlights a significant reversal pattern, as XRP bounced back from the essential $2.1 support level. This rebound led to a breakout from a short-term descending channel, further supporting the potential for renewed upside movement.
At the moment, XRP is testing an important resistance near $2.3. This zone is expected to pose considerable selling pressure. If bulls succeed in pushing the token confidently above this region and confirming it with a retest, XRP may continue rising toward the $2.5 objective. However, rejection at this point could lead to a pullback, reinforcing the current consolidation behavior.
The coming sessions are crucial, with the $2.3–$2.35 bracket standing as the tipping point. Whether XRP can break through these levels will likely determine its short-term direction, potentially initiating a new uptrend or extending its ongoing sideways trading phase.
Related: Expert Advice: Sell XRP If You’re Confused
The post XRP’s Biggest Obstacles Revealed as Breakout Attempt Begins: Ripple Price Analysis appeared first on CryptoPotato.
Quick Summary
XRP is currently navigating a pivotal zone in the crypto market, as Ripple attempts to push past major resistance levels amid tightening technical indicators. This build-up suggests a possible breakout may be on the horizon for the digital asset.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
