XRP Forecast: Will Ripple Continue Its Bullish Momentum?

XRP has once again drawn attention as it experiences price fluctuations amid broader market movements. As of today, the digital asset has shown a modest recovery, increasing by over 1% since the previous session. However, technical patterns suggest the outlook may be more complex than a simple bullish continuation.

On the short-term chart, XRP shows signs of weakness despite today’s slight uptick. If current support levels fail to hold, there’s a notable risk of further downward movement. Market watchers are closely eyeing the $2.50 zone as a potential floor where the price could stabilize if selling pressure intensifies. This level could act as a safety net should a breakdown occur in the coming sessions.

From a broader perspective, the recent bounce from the $2.6549 resistance level is a key turning point for XRP. This development may indicate that the asset is consolidating before attempting a more decisive move. If XRP holds ground and avoids a sharp retracement, there’s potential for sideways trading between the resistance and support levels in the near term. This zone could act as a staging area for the next significant price movement depending on how market sentiment evolves.

The next few daily closing bars on the chart will be pivotal. If XRP closes significantly below $2.6549, traders may prepare for a revisit of the $2.40–$2.50 trading range. However, should the token manage to stay close to or even above this resistance area, confidence in an upward continuation will likely grow.

Analysts focus on the $2.59 level for mid-term projections. If the weekly candle closes around this mark without a pronounced upper wick, it may signal that XRP is gathering momentum for another leg up. A strong finish near this level could pave the way for a surge toward the $2.80 target zone.

As of now, XRP is trading at approximately $2.5589, reflecting its current spot within a broader consolidation structure. Market participants should keep an eye on how the token reacts in both shorter time frames and longer, weekly intervals. The price action in the final days of this week may offer valuable insight into whether Ripple’s native asset is preparing for another rally or heading into a deeper correction phase.

Key levels to monitor include:

• Support zone: $2.40–$2.50
• Immediate resistance: $2.6549
• Midterm breakout point: $2.59 with an upside target of $2.80

With Ripple’s ecosystem continuing to evolve and market sentiment swinging with each macroeconomic update, XRP remains a token to watch closely. Its current position below major resistance, yet above critical support, places it at a technical crossroads where both bullish and bearish outcomes are possible based on the next few trading sessions results.

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

Traders and investors should stay informed and monitor momentum shifts as XRP builds its path forward in the dynamic crypto landscape.