XRP Price Sees Bullish Move as Buyers Regain Control: Can Bulls Defend Key Levels?
XRP has begun to show renewed signs of life, rebounding from its recent lows near $2.05 after a sharp decline. The digital asset is now trading above $2.25 and is attempting to reclaim higher resistance levels. While the broader crypto market remains mixed, XRP’s technical outlook suggests that a potential bullish reversal may be forming—if buyers can protect key support zones and overcome critical resistance barriers.
XRP Regains Momentum After Sharp Decline
Following a period of weakness that pushed XRP below $2.20, the coin managed to stabilize near $2.05 before launching a recovery wave. The rebound brought it back above $2.25, giving traders fresh optimism. According to on-chain data and price charts, XRP has now broken above a key bearish trend line that was restricting upward momentum around $2.24.
The recovery aligns with modest improvements in Bitcoin and Ethereum prices, signaling a broader risk-on sentiment returning to the crypto market. Despite the short-term volatility, XRP’s ability to stay above $2.25 and its 100-hour simple moving average (SMA) hints at renewed buyer strength.
Currently, XRP is trading around $2.28, holding above crucial technical levels. The $2.20–$2.25 zone now acts as immediate support, while resistance lies between $2.40 and $2.42—a region that could determine whether the token extends its rally or faces another pullback.
Key Technical Indicators Show Bullish Potential
Technical indicators support the possibility of continued upside if XRP maintains its current momentum. The break above the 50% Fibonacci retracement level of the previous decline from the $2.55 swing high to the $2.06 low indicates improving market sentiment.
Moreover, a clear move above $2.42 could expose XRP to higher targets, including $2.48 and $2.55—levels that align with previous resistance points observed in late October. Should the bullish momentum hold, the next major target would be $2.65, followed by $2.72, which marks a significant psychological barrier for traders.
However, analysts caution that XRP needs strong buying volume to sustain the move. A lack of follow-through could lead to another correction, particularly if broader market weakness resurfaces.
Resistance Levels to Watch
The $2.42 resistance remains the most critical short-term hurdle for XRP bulls. It coincides with the 76.4% Fibonacci retracement level of the downward move from $2.55 to $2.06. A decisive breakout above this zone would likely trigger a bullish extension toward $2.55 and beyond.
If XRP successfully closes above $2.55 on strong volume, the next target zone sits around $2.65–$2.72. These levels have acted as rejection points in previous market cycles, making them vital checkpoints for assessing whether XRP can resume a broader uptrend.
In contrast, a failure to breach $2.42 could lead to renewed selling pressure, bringing prices back toward key supports.
Support Zones and Downside Risks
On the downside, initial support is seen near $2.28. If XRP falls below this area, the next significant support lies at $2.25, followed by $2.20. A sustained drop below $2.20 could erase the current recovery momentum and potentially drive prices toward $2.12 or even $2.06.
A breakdown below $2.06 would be concerning for bulls, as it could open the door to a deeper correction toward the $1.95–$2.00 region. For now, however, market sentiment remains cautiously optimistic, provided XRP stays above its short-term moving averages.
Broader Market Context
The current XRP movement also reflects broader market behavior, with investors responding to both macroeconomic and crypto-specific developments. Bitcoin’s struggle near the $102,000 level and Ethereum’s weakness below $4,000 have created uncertainty, but XRP’s resilience indicates growing investor interest in alternative large-cap assets.
Ripple’s continued progress in expanding cross-border payment adoption and institutional partnerships could further support XRP’s long-term outlook. While short-term volatility remains, the growing integration of Ripple’s technology within financial systems provides a solid fundamental foundation for XRP’s valuation.
Outlook: Bulls Eye $2.50, But Volume Holds the Key
In the near term, XRP’s trajectory will largely depend on whether buyers can defend the $2.25 support and push above $2.42 resistance. A successful breakout could validate a short-term bullish reversal, paving the way for a move toward $2.55 and $2.65.
However, traders should watch for volume confirmation. If buying momentum fades and price action weakens below $2.25, it may trigger another downward phase.
Overall, XRP is showing encouraging signs of recovery, but its next moves will depend on whether bulls can sustain control over key support and resistance levels in the coming sessions.
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