XRP Holds Strong at 200 EMA, Eyes Breakout Above Resistance

XRP has once again showcased its resilience by holding above the 200-day exponential moving average (EMA), a key technical indicator closely watched by traders. Over the past few sessions, XRP tested this crucial support level three times—around the $2.09–$2.10 range—bouncing back each time with notable strength. This repeated support interaction highlights growing buyer interest and reinforces the 200 EMA as a critical long-term floor.

The consistent recovery from the 200 EMA suggests bullish sentiment remains intact, even amid broader market volatility. Traders often view such sustained defenses of a major moving average as a sign of a potential accumulation phase and a stable foundation for a future rally.

Despite being range-bound between the 200 EMA support and the 50 EMA resistance (~$2.25–$2.30), XRP is showing signs of coiling for a breakout. With the Relative Strength Index (RSI) hovering in the mid-40s, there’s still room for upward momentum without entering overbought territory. Volume has remained moderate, but the persistent buying at key support levels indicates increasing trader confidence.

If XRP can successfully convert both the 50 EMA and 100 EMA into support, the next likely target lies in the $2.60–$2.70 range. These recent technical movements are more than just temporary rebounds—they reflect underlying strength and a bullish setup that could unfold if market conditions remain favorable.

Investors are now watching for a clean break above short-term resistance to confirm this bullish trend. A decisive move could mark the beginning of a stronger upward phase for XRP.