XRP Breakout Signals Bullish Momentum Amid Resistance

XRP has recently shown a bullish breakout, capturing the attention of market watchers focused on Ripple. After an extended stretch of consolidation within a descending wedge pattern, Ripple is now displaying signs of a shift in market sentiment, suggesting that further upward movement may be on the horizon.

Daily Timeframe Analysis

Ripple’s daily chart reveals a decisive move beyond a descending wedge pattern — traditionally considered a bullish reversal setup. The breakout took place near the $2.36 mark, which also corresponds with the position of the 200-day moving average. This convergence at a key technical level helped validate the breakout, reinforcing the view that sentiment toward XRP is taking a turn for the better.

While this upward move is promising, XRP is now encountering a notable resistance zone around $2.47. This level has historically triggered selling pressure, and as a result, the cryptocurrency may undergo a brief phase of sideways movement. A range between the breakout level of $2.36 and this resistance barrier may serve as the new battleground where traders gauge the potential for continued bullish strength.

Short-Term Outlook on Lower Timeframes

Zooming into the 4-hour chart, the momentum becomes even clearer. Ripple has pushed past the $2.3 resistance level — a zone that had previously constrained its movements for weeks. This breakout, characterized by large bullish candlesticks, points to renewed buying interest and market optimism.

Currently, XRP is navigating a tightly contested area between $2.42 and $2.47. This zone represents a supply region and has characteristics consistent with a bearish order block. It’s also aligned with the prior swing high, compounding its significance as a resistance threshold. A rejection here could briefly stall the bullish advance and possibly result in a corrective pullback.

However, the area above this resistance also harbors significant buy-side liquidity. This makes the current price level an attractive hunting ground for smart money and institutional players. XRP’s behavior near this juncture — whether it breaks through decisively or encounters resistance — will likely dictate its short- to mid-term trajectory.

Related: XRP Price: $12M Max Pain for Bears

If XRP manages to breach this resistance cleanly, the move could pave the way for a fresh bullish phase, targeting higher resistance zones not yet tested in this cycle. On the flip side, any failure to sustain above $2.47 might drive the token back toward more familiar support areas, where buyers will once again need to demonstrate conviction.