XRP Price Analysis: Key Resistance Level at $2.36

The XRP price is currently eyeing a significant breakout opportunity, but overcoming a primary resistance near $2.36 is critical for bullish continuation. This move is essential if XRP aims to revisit its previous all-time high of $3.

After successfully flipping a crucial breakout zone into support, XRP now faces its biggest challenge at the 200-day simple moving average, which sits near $2.36. This level has historically acted as a robust barrier for upward momentum, making it a defining point for future price action.

In recent weeks, XRP has shown a renewed bullish tone, particularly after consolidating above key short-term support levels. This development signals strong buyer interest and lays the groundwork for further upward moves — provided the asset clears its current resistance.

For traders and investors, the psychological barrier of $2.36 now represents the pivot point. If XRP surpasses this level convincingly, it opens the pathway toward the $3 mark, a level last seen during the 2017 bull run. However, failing to breach this obstacle could lead to renewed consolidation or even minor pullbacks.

The ongoing trading activity suggests accumulation is taking place, and the bulls are gradually preparing to test higher territory. Volume metrics have also begun to show strengthening buyer participation, which supports the case for a possible breakout attempt.

Technical analysts emphasize that reclaiming the 200-day SMA isn’t just a short-term win but a longer-term signal of bullish control. Only with solid closing candles above this level can XRP begin to shift overall market sentiment in its favor, reigniting optimism among long-term holders.

Currently, shorter moving averages such as the 50-day SMA are trending upward, narrowing the gap between them and the 200-day benchmark. This convergence increases the likelihood of a golden cross — a bullish signal that historically precedes strong price action. If this formation occurs, it could serve as another major catalyst for price acceleration.

Nevertheless, traders are advised to remain cautious. XRP needs to maintain its hold on recently established supports to continue its upward course. Any breakdown below previous consolidation zones could invalidate the breakout thesis and put selling pressure back into focus.

Market analysts also observe that macroeconomic conditions and crypto sector news can influence XRP’s performance. From regulatory developments to unexpected global events, these external elements could either strengthen the bullish scenario or pose headwinds that XRP must overcome.

Momentum remains the keyword for XRP’s near-term action. As long as the market retains its upward trajectory and buyers continue defending major support zones, the odds of challenging $2.36 and pushing toward the elusive $3 mark will grow stronger.

Ultimately, XRP’s long-term success hinges on its ability to power through this formidable resistance. Breaking $2.36 could validate a broader rally and reestablish XRP as a top-performing asset within the digital currency space.

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

Technical traders and investors will be keen to observe how price behaves around this zone in the days ahead. If XRP manages to secure a foothold above this crucial level, it may set the stage for an exciting upward journey into historically significant price territory once again.