XRP Forecast: Bullish Momentum Builds Despite Resistance

XRP continues to attract interest as market momentum shows signs of strength despite recent resistance near key levels. The focus keyword, XRP, plays a central role in understanding recent market behavior and the outlook for this asset in the coming days.

Following a strong recovery from the $2 support level, XRP surged towards $2.2 before encountering significant selling pressure. This resistance level has become a strong hurdle for bulls, temporarily halting the upward movement. While initial bullish momentum returned after bouncing off key support, the advance slowed substantially as XRP neared the $2.2 mark, suggesting traders are cautious at current levels.

Buyers Lose Steam Near Resistance

After reclaiming the $2 threshold, XRP managed to gain upward traction, signaling renewed optimism in the market. However, the rally effects quickly diminished at $2.2, where sellers re-entered in force. The influx of supply has resulted in a minor pullback, as bullish momentum struggles to regain dominance in the short term. This signals that despite recent gains, XRP still finds itself in a critical range where resistance could play a defining role in the short-term trend.

Indicators Suggest Bullish Momentum

Despite the stall in price movement, several momentum indicators on the daily chart point toward an underlying bullish sentiment. In particular, these tools have flipped in favor of buyers over the past few days. This shift increases the probability of reclaiming higher levels, specifically the $2.3 resistance, provided that selling pressure does not intensify too rapidly.

The daily trend, while not yet confirmed by a higher high in price, is supported by technical indicators suggesting bullish divergence. This technical backdrop positions XRP well for another challenge of key resistance levels if current momentum is sustained. Investors and traders alike are watching closely for any breakout signals that could confirm further upward movement.

MACD Points to Continued Strength

The MACD (Moving Average Convergence Divergence) offers additional insight into XRP’s current setup. While the price has yet to post a fresh high, the MACD histogram has started forming higher peaks, signaling potential for continued upside. This divergence between price and momentum can be a powerful setup for future gains if buyers maintain their stance.

This pattern lends strength to the idea that XRP may re-test and perhaps overcome the $2.3 barrier in the near term. If sufficient buying volume enters the market, the next targets to monitor are $2.6 and potentially $3. The confluence of momentum and structure creates an environment where XRP has the tools to advance, but execution will require commitment from market participants under tightening resistance zones.

Currently, attention remains firmly on whether XRP can sustain momentum and convert these technical clues into actual price growth. So long as bearish volume doesn’t surge, prospects for a positive breakout are improving. The $2 support remains crucial, while the $2.3 resistance acts as the gatekeeper to further gains.

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Related: Expert Advice: Sell XRP If You’re Confused

Original blog by CryptoPotato