XRP continues to defend key support levels as bullish momentum builds beneath the surface. Traders are keeping a close eye on how the price hovers above the rising 20-month EMA, a crucial line that could determine whether the next higher level will unfold.
XRP is maintaining a bullish structure above USD 1.75 support
Providing a update on the XRP chart, More Crypto Online highlighted that the situation remains largely unchanged, with price action still developing within a broader bullish structure. The analyst highlighted that the ongoing move continues to follow a pattern of three-wave pullbacks, indicating that the uptrend remains intact as long as XRP remains above the critical support level at $1.75.
According to his analysis, the structure points to a possible continuation of the uptrend as long as buyers continue to defend this zone. The repeated corrections in three waves indicate that the market may still be in a controlled consolidation phase, rather than a reversal.
However, the analyst stressed that a confirmed outbreak has yet to occur. The key resistance zone between $2.69 and $2.84 continues to act as a ceiling, limiting XRP’s upside momentum. Until the price decisively breaks above this range, the broader market is likely to remain in a phase of consolidation and uncertainty.
More Crypto Online added that a five-wave breakout above the $2.84 level could indicate renewed strength and open the door to higher targets. The next major target in that case would be around $3.40, which could serve as a starting point for a new push towards the $5 region.
XRP’s 20-month EMA emerges as the line between strength and struggle
In an XRP afterChartNerd pointed out that the 20-month Exponential Moving Average (EMA) is positioned around $1.94 and is gradually rising. This long-term moving average has historically served as a strong indicator of trend direction, and its current trajectory suggests that the broader bullish structure could still be intact.
ChartNerd highlighted that converting the 20-month EMA into solid support would be a major confirmation of continued upside momentum, paving the way for XRP to head towards higher resistance zones in the coming sessions. The analyst remains optimistic that the EMA will act as a reliable basis for further gains.
However, ChartNerd also warned that a decisive decline below the $1.94 EMA could weaken the bullish outlook, leading to a deeper retracement. Still, he noted that “the boat has yet to raise its sails,” implying that XRP’s next big move has yet to unfold, and patience could be key as traders wait for confirmation of the next trend direction.