XRP remains firmly above the $2.38 support level after a recent pullback, suggesting bulls may still be in control. As buying pressure mounts, traders are closely watching for a potential breakout that could reignite bullish momentum in the coming sessions.
Early strength diminishes after $2.52
Umair Crypto, in its newest market updatenoted that XRP showed initial strength after recovering cleanly from the 50-day Simple Moving Average (SMA). The price managed to rise to around $2.52 with a solid close on the 4-hour chart, signaling renewed buyer interest and a possible shift in short-term momentum.
However, that early optimism was short-lived as XRP’s upward move lost steam before even reaching the 100-day SMA. The inability to break higher is starting to expose some underlying weakness in the chart, with bulls struggling to maintain momentum at higher levels.
Umair emphasized that the Relative Strength Index (RSI) trendline now plays a crucial role in determining the next direction. A confirmed breakdown below this RSI trendline could lead to a new lower low, effectively continuing the current local downtrend and reinforcing bearish sentiment in the market.
For the time being, the situation remains uncertain. XRP should remain firmly above the $2.38 support level and maintain strength along the RSI trendline. However, failing to do so could expose XRP to deeper downside risks in the short term.
Momentum or pause? The Defining Moment for XRP
MakroVisie research marked that XRP successfully halted its steep decline within the lower Golden Pocket region, between around $1.40 and $1.55, and recovered as buying pressure resurfaced. In the short term, the company noted that XRP is now approaching a key resistance range between $2.48 and $2.65.
Failure to break above this zone could lead to temporary consolidation as the market gains momentum for its next move. On the other hand, the $1.96 level remains a crucial support point as a loss from it could trigger renewed downward pressure.
From an upside perspective, a decisive and sustained break above $2.65 could open the door for further gains towards $3.06. According to MakroVision Research, only a move above this level would confirm renewed bullish strength and restore clear upward momentum over the broader trend.
In conclusion, the analyst emphasized that XRP’s precise targeting of the Golden Pocket and its rapid recovery show that buyers are still active and defending key zones. However, the next big test lies in whether the bulls can generate enough momentum to overcome the USD 2.65 resistance and pave the way for a broader rally.