XRP news: Testing key resistance at $2.30, bullish breakout in sight?
XRP eyes breakout above $2.30, resistance levels in focus
XRP is attempting to sustain its recent rebound from $2.10, with the price currently hovering near $2.27-$2.30, a critical resistance zone. The asset has been forming higher lows, indicating a potential bullish breakout if buyers push the price above $2.35.
A successful breakout would pave the way for further gains toward $2.50 and $2.75, confirming a trend reversal. However, XRP remains within a descending channel, and failure to clear resistance could trigger another pullback toward $2.10 or even $2.00. A close above $2.35-$2.40 will be a key confirmation level for bullish momentum.
The price is currently testing resistance, with the immediate barrier at $2.30-$2.35. If XRP manages to break through, the next target would be $2.50, followed by a stronger resistance at $2.75. On the downside, immediate support is seen at $2.15-$2.20, with the key support zone resting at $2.00-$2.05. A break below $2.15 could push the price lower, increasing selling pressure toward the $2.00 mark.
XRP price movement (Feb 2025 - Mar 2025) Source: TradingView.
Technical indicators hint at bullish momentum
Moving averages indicate mixed signals, with the 20-day EMA at $2.21 acting as support while the 50 EMA at $2.27 is being tested as resistance. A crossover above the 100 EMA at $2.33 and the 200 EMA at $2.42 would confirm a bullish reversal. The Relative Strength Index (RSI) is currently at 56, suggesting neutral-to-bullish conditions. If RSI moves above 60, it would signal a stronger uptrend, while a drop below 50 could indicate renewed selling pressure. The MACD histogram is showing increasing bullish momentum, with a crossover above the signal line, reinforcing the case for a potential breakout.
XRP’s price action remains at a critical juncture
If the asset clears $2.35, the next move could push it toward $2.50 and beyond. However, a rejection at resistance could lead to a retracement toward lower support levels. Traders should monitor price action around $2.30-$2.35 closely, as it will determine whether XRP sustains an uptrend or faces a pullback.
Previously, we discussed how XRP was forming a base around $2.10, and the price action now suggests that bullish momentum is strengthening. The current move aligns with earlier expectations, reinforcing the importance of key resistance levels in confirming a breakout.
