XRP Eyes Major Breakout as 100-Day EMA Becomes Key Battleground

XRP's next major price move could hinge on its performance around a critical technical marker—the 100-day exponential moving average (EMA). After weeks of sluggish trading and limited momentum, XRP is now showing signs of life by hovering near this pivotal level.

Chart analysis reveals that XRP has broken out of the descending wedge pattern that trapped it for months, a move traditionally viewed as bullish. However, the 100-day EMA remains a strong resistance point, with XRP struggling to secure a decisive victory despite multiple attempts.

Adding to the intrigue, trading volume is beginning to climb, suggesting that a bigger move could be imminent. If XRP successfully holds above the 100-day EMA, it could spark a surge toward the next major resistance around $2.50. Conversely, failure to break through may lead to renewed consolidation or even a pullback, with support levels around $2.18 and $2.00 potentially coming back into play.

Technical indicators, particularly the Relative Strength Index (RSI), remain neutral, giving XRP room to rally without immediately facing overbought conditions.

As market sentiment shifts and volume builds, XRP traders are closely watching this critical juncture. Whether XRP can transform this breakout into a sustained rally could set the tone for its performance in the coming weeks.