XRP Price Forecast: Can Ripple Break $2.3 Resistance?

XRP is once again capturing attention in the crypto market, as investors closely monitor whether Ripple’s token can sustain its latest momentum. With the main focus keyword XRP price at the heart of discussions, analysts are eyeing key movement thresholds that could shape its near-term direction.

Support and Resistance Levels to Watch

Currently, XRP is firmly supported at the $2 mark, which acted as a strong base during the recent pullback. As prices rebounded, the next critical resistance levels emerged at $2.3, followed by $2.6 and then $3. These thresholds will play a vital role in determining XRP’s potential upward trajectory in the coming days.

Signs of an Upward Reversal

After experiencing downward pressure that pushed the XRP price to the $2 threshold, bullish sentiment appears to be returning. Buyers re-entered the market and pushed the price just below the resistance at $2.3. A successful breakthrough above this level could confirm a positive trend reversal and open the gate toward the next target at $2.6. However, a clear breakout is essential for a continued upward move, as current bullish signals are preliminary and need confirmation.

Inverted Head and Shoulders Formation

Zooming out on the charts reveals a noteworthy technical pattern—a developing inverted head and shoulders. Both shoulders formed close to the $2 support level, indicating strong buying interest around that price. If this formation holds and volume supports further rallies, XRP could be poised for a significant move up, potentially retesting $2.6 or possibly reaching the $3 resistance level.

MACD Indicates Growing Bullish Momentum

Another indicator backing the emerging bullish sentiment comes from the daily MACD, which is showing signs of an imminent bullish crossover. This technical development often signals a strengthening upward trend. Once confirmed, it could lead to increased buying activity and heightened market volatility for XRP. The momentum generated from this crossover might serve as a catalyst to help breach the previously mentioned resistance zones.

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

Momentum indicators and price patterns suggest that the XRP price may be on the verge of a breakout. With clear support holding at $2 and multiple bullish signals emerging, the coming days will be crucial for Ripple. If buyers sustain pressure and volume continues to rise, XRP could transition into a more decisive uptrend, targeting $2.6 and beyond.