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XRP traders are eyeing the current price action closely, as the market structure remains bullish but shows early signs of potential exhaustion. The price is currently trading at $2.451, following a steady uptrend inside a rising channel. With support levels holding and resistance zones approaching, the big question is: Will XRP continue its ascent or face a pullback before the next leg up?

Let’s break down the chart and key indicators to identify potential trading opportunities.

XRP Price Analysis – Bullish Continuation or a Fakeout? — Source: TradingView

Overview of XRP’s Technical Setup

Current Price: $2.451
Support Levels: $2.35, $2.30, and $2.22
Resistance Levels: $2.55, $2.70, and $2.90
Trend: Bullish – moving inside an ascending channel
Indicators:
- RSI (Relative Strength Index): 68, nearing overbought territory.
- Volume: Low to moderate, suggesting a cautious market.

The overall sentiment remains bullish, as XRP continues to print higher lows and higher highs. However, there are early warning signs of possible resistance at $2.55-$2.70, which may lead to short-term profit-taking.

Bullish Scenario: Can XRP Reach $2.70+?

XRP has been riding a strong uptrend inside a rising channel, bouncing off key support levels multiple times. If the trend continues, we could see a break above $2.55, leading to a test of the next major resistance zone at $2.70-$2.90.

What XRP Bulls Need to Watch:

Break and close above $2.55 – This would confirm the next bullish leg up.
Increase in volume – If buying pressure intensifies, XRP could push toward $2.70.
RSI above 70 – A move into overbought territory could trigger a strong rally but also warn of a potential short-term correction.

A clean breakout above $2.70 could open the doors for a run toward $3.00, where XRP would face strong historical resistance. If the crypto market sees a Bitcoin-led surge, XRP could benefit from renewed momentum.

Bearish Scenario: Potential Pullback Incoming?

While the trend remains bullish, the RSI flirting with overbought levels suggests that XRP might need a cooldown before making another big move. Additionally, the volume remains moderate, which means buyers need to step up for any sustained push higher.

What XRP Bears Need to Watch:

Rejection at $2.55 – If XRP fails to break this level, we could see a retracement to $2.35 or lower.
RSI dropping below 60 – Would indicate weakening momentum.
Break below the rising channel – This would shift the trend from bullish to bearish in the short term.

If XRP falls below $2.35, the next critical support is around $2.30-$2.22, where buyers are expected to step in. A drop below $2.22 would be concerning, as it could invalidate the bullish trend and open the door for further declines.

Trading Tips: How to Play the Current XRP Setup?

Bullish Trade (For Those Expecting a Breakout):

Entry: On a confirmed breakout above $2.55 with strong volume.
Target: $2.70 – $2.90
Stop-Loss: Below $2.40

This trade relies on XRP continuing its bullish momentum and breaking past resistance zones. Watch for a spike in volume before entering.

Bearish Trade (If You Expect a Pullback):

Entry: If XRP gets rejected at $2.55 and starts falling.
Target: $2.35 – $2.30
Stop-Loss: Above $2.55

A rejection from resistance could trigger a short-term correction, allowing for a profitable short trade or dip-buying opportunity.

Final Thoughts: XRP’s Next Move?

XRP is holding a bullish structure, but approaching resistance. Whether we see a breakout or a retracement first depends on volume and market conditions.

Key Takeaways:

The trend is still bullish but nearing key resistance.
A break above $2.55 could trigger a rally toward $2.70-$2.90.
A rejection might push XRP back to $2.35 or lower before another attempt.

If you’re trading XRP, stay flexible—markets can flip fast, and reacting to price action is always better than predicting the future.

Author
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Roman B.

I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com, CryptoSvet.