XRP Price- XRP Inches Toward $3 Amid Technical Strength
XRP Price– XRP traded slightly lower on Tuesday at $2.26, showing minimal change over the past 24 hours. While price action remains muted, technical indicators suggest a potential breakout could be forming.
Key Resistance Levels in Focus
For XRP to resume its upward momentum, analysts emphasize the need to reclaim critical technical levels. On the daily chart, the $2.20–$2.30 zone marks immediate resistance. The 50-day simple moving average (SMA) currently sits at $2.22, while the 100-day SMA is at $2.20. However, reclaiming the 200-day SMA at $2.36 is considered essential for XRP to target the $3 mark.
Historically, “flipping the 200-day SMA into support has preceded strong rallies,” noted analyst CasiTrades on X. They cited XRP’s 430% surge following its November 2024 breakout above this moving average, leading to a multiyear high of $2.90 by December 3.
CasiTrades also pointed to recent higher lows and a reclaim of the $2.25 support as “classic bullish continuation signals,” highlighting the confluence of the 50-day, 100-day SMAs, and a multimonth trendline.
XRP/BTC Pair Breaks Key Trendline
Bullish momentum is also building in the XRP/BTC trading pair. On Sunday, the pair broke above a descending trendline that had held since March, reaching 0.00002065. Analysts expect a retest to confirm the breakout.
Adding to the bullish case, a divergence between price and RSI on the daily chart signals potential trend reversal. While price made lower lows, the RSI climbed from 28 to 55—an indication that seller pressure may be fading.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
