XRP Recovery Underway as Momentum Builds

XRP is showing newfound strength as bullish momentum picks up across multiple timeframes, signaling a possible trend reversal. With the focus keyword XRP leading this rally, the recent bounce from a major support level is attracting attention among traders.

Key Support Level: $2
Key Resistance Levels: $2.3, $2.6, $3

Buyers Step In at Crucial $2 Level

Over the past 24 hours, XRP rebounded sharply from the significant $2 support zone, reaching as high as $2.2. This move came in tandem with calming geopolitical tensions, particularly as concerns in the Middle East began to decline. This restoration of market confidence encouraged buyers to re-enter, and the asset responded with renewed strength. As of now, XRP is positioning itself to re-test resistance at $2.3, a pivotal level that could shape its short-term direction.

MACD Turns Positive, Indicating Shift in Momentum

Momentum appears to be transitioning in favor of the bulls. On the 12-hour chart, the MACD indicator has formed a bullish crossover — a sign that the previously dominant selling pressure may be waning. This technical development suggests that XRP could be on the brink of another test of the $2.3 resistance area. Should this level be convincingly breached and converted into support, further upside toward $2.6 becomes a probable scenario. With buying interest increasing, bulls may be finding the upper hand after a period of consolidation.

RSI Signals Bullish Strength

The Relative Strength Index (RSI) on the 4-hour chart has shown a robust recovery. After dipping into oversold territory, it has now posted a higher high — an early indication that bullish strength is building. This RSI movement supports the broader view of a turning tide in favor of buyers. While an initial attempt to break through the $2.3 resistance may face rejection, the overall volume and pressure behind recent buys suggest that persistent demand could eventually push XRP above that level.

As the market continues to digest both macroeconomic news and technical signals, XRP appears to be gearing up for another potential surge. Investors will be closely monitoring whether resistance levels can be overcome, with $2.6 and $3 in sight should buying momentum remain intact.

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

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