XRP continues to grab investor attention, trading at $2.84 with a hefty market cap of $167.66 billion and $5.88 billion in 24-hour volume. The price hovers near the upper end of a tight range, and traders are watching closely—because a move above $2.85 could be the trigger that propels XRP toward $3.20.
But is this just a pause before liftoff, or the calm before a correction?
Short-Term Recovery Sparks Breakout Hopes
On the 1-hour chart, XRP staged a sharp V-shaped recovery, bouncing back from $2.66 and pushing against the resistance at $2.84. However, smaller candlesticks near this level show some hesitation—suggesting that buyers may be catching their breath.
Support lies around $2.75–$2.77, giving bullish scalpers a possible entry point. A confirmed breakout above $2.85, especially with strong volume, could open the door to $3.20–$3.30. But failure to clear resistance might invite short sellers targeting $2.70 or below.
4-Hour Chart Shows Bullish Pennant Formation
Zooming out, the 4-hour chart reveals a solid rally from $2.25 to $2.98, followed by a classic bullish pennant—a consolidation pattern often seen before trend continuation.
Volume has cooled down, aligning with consolidation behavior. A break above $2.85, paired with rising volume, could trigger the next uptrend.
If $2.60 breaks down, however, that could signal a short-term reversal—so risk controls are crucial for long positions here.
Daily View: Uptrend Holding Steady—But Watch Volume
On the daily chart, XRP has maintained a steady uptrend from $1.90 to $2.98, followed by sideways action around $2.80.
A massive volume spike of 100 million at the recent peak could hint at profit-taking. Still, strong support around $2.50–$2.60—a former breakout zone—offers a potential springboard for bulls aiming at $3.20.
Momentum Indicators Signal Strength, With a Touch of Caution
Key oscillators paint a mostly bullish—but cautious—picture:
RSI is elevated at 80.99, signaling overbought conditions.
Stochastic reads 74.97—neutral, but near the top.
CCI stands at 203.94, flashing a mild sell signal.
ADX at 28.18 shows a trend still forming.
Awesome Oscillator and MACD both lean bullish.
These indicators suggest XRP has room to run—but any sharp dips could quickly attract profit-takers.
Moving Averages Confirm Bullish Outlook
All major moving averages—both EMA and SMA across short and long-term frames—support the uptrend.
EMA(10): $2.5267
SMA(10): $2.4548
EMA(200): $2.1392
SMA(200): $2.3706
This alignment across timeframes underscores bullish structure and strong technical backing, provided XRP holds its ground above support levels.
Bull Verdict: Room to Run
XRP’s consistent support, bullish flag pattern, and momentum alignment suggest another potential breakout—if it clears $2.85. The target? A smooth climb toward $3.20.
Bear Verdict: Resistance Looms Large
Despite strong gains, XRP sits at a known ceiling. If $2.85 rejects the bulls and $2.60 breaks, expect a possible correction to $2.50 or lower.
Stay tuned to Maple News Wire for the latest on crypto trends, price analysis, and expert insights into market momentum.
