XRP is once again gaining bullish momentum after holding strong above key support levels. The token started a fresh rally after defending the $1.92 support zone, surging past $2.00 and $2.10 to reach a local high of $2.244 before entering a consolidation phase.
Now trading above $2.10 and the 100-hourly Simple Moving Average, XRP is gearing up for another leg higher—but the bulls need to flip a crucial resistance level to unlock further upside.
XRP Holds Strong as Bulls Defend Key Support Levels
Following a brief retracement from the $2.244 peak, XRP dipped to retest lower support levels, including the 50% Fibonacci retracement at $2.08, drawn from the swing low at $1.92 to the recent high.
Despite the pullback, XRP has remained well-bid above $2.08, and a bullish trend line continues to form on the hourly chart, offering additional support near $2.12.
Resistance at $2.1680 is Critical for Breakout
All eyes are now on the $2.1680 resistance level—a key technical barrier that XRP must break to signal a renewed rally. A clear hourly close above this zone could trigger a move toward:
- $2.20
- $2.24
- $2.32
- And potentially as high as $2.45–$2.50 in the near term
If bullish momentum continues, $2.55 could be the next major hurdle for XRP, signaling strong investor interest and higher price targets.
Caution: Failure to Break $2.168 Could Spark Pullback
However, if XRP fails to break above $2.1680, a bearish reversal could occur. Immediate support lies at $2.12, followed by $2.08. A drop below these levels would expose the token to:
- $2.05 (61.8% Fib level)
- $1.92 (previous major swing low and critical support)
Any decline below these levels would likely invalidate the bullish setup and place XRP back into correction mode.
Technical Indicators Signal Caution
- MACD (Hourly): Bullish momentum is slowing, signaling possible consolidation.
- RSI: Currently above 50, indicating mild bullish control but no clear breakout yet.
Conclusion: XRP remains in a strong position above $2.10, but bulls must clear $2.1680 to reignite a sustained rally. Failure to do so could open the door for a pullback. As the crypto market remains volatile, all eyes are on whether XRP can confirm a breakout and reclaim its bullish momentum heading into the week.
