XRP Price Holds 200-Day EMA as Bulls Eye Potential Reversal

XRP is clinging to a critical support level, trading near the 200-day exponential moving average (EMA) at around $2.14. Despite recent rejections in the $2.40–$2.50 resistance range, the token hasn’t broken down decisively. The convergence of the 50, 100, and 200-day EMAs suggests an impending high-volatility move, as XRP compresses into a tight range.

This consolidation phase, though marked by red candles, may act as a springboard pattern — a familiar setup from past XRP reversals. The Relative Strength Index (RSI) remains neutral around 45, indicating that neither bulls nor bears are exhausted yet.

A sustained hold above the 200 EMA and $2.09 support could pave the way for a bounce toward $2.60 and a potential retest of the $3 mark. However, if bearish momentum continues and XRP closes below the 200 EMA with rising volume, a sharper decline toward $1.85 or lower is likely.

Volume has been declining over recent sessions, signaling market indecision. But the current setup still mirrors historical XRP price behavior that often preceded major bullish reversals. Traders and long-term investors may see this as a strategic entry opportunity, given the absence of a clear structural breakdown.

As XRP consolidates above critical support, the next few sessions could determine whether a dramatic reversal or a deeper correction unfolds. For now, all eyes are on the 200 EMA as the deciding line in XRP’s short-term trajectory.