XRP price climbs to $2.28 after breakout confirms bullish reversal
XRP rallies above $2.28 after breaking downtrend; eyes $2.45 resistance on bullish signals
XRP surged to $2.28 on Tuesday, extending its breakout from a long-standing descending trendline visible on the 4-hour chart. The move followed a strong rally from the $2.05–$2.10 support zone and marked a structural shift to higher highs and higher lows.
On the daily chart, XRP closed above the February downtrend line, confirming a broader bullish reversal. This trend change is accompanied by an uptick in volume, indicating accumulation from large investors.
The breakout comes as XRP trades above all key exponential moving averages on the daily chart, with the 20, 50, and 100 EMAs converging in the $2.12–$2.22 range. The 200 EMA at $1.96 now acts as long-term dynamic support. A potential golden crossover between the 50 and 100/200 EMAs could accelerate buying momentum in the coming sessions.
XRP price dynamics (December 2024 - April 2025) Source: TradingView.
Indicators and key levels reinforce positive momentum
Technical indicators support the bullish view. The RSI stands at 59.24, trending upward without being overbought. The MACD line has crossed above the signal line, and histogram bars are rising, indicating growing momentum. Bollinger Bands show XRP moving toward the upper band at $2.28, signaling breakout continuation if supported by volume.
Fibonacci analysis also suggests bullish bias. XRP is trading above the 0.382 and 0.5 retracement levels, holding $2.065 as support and targeting $2.45, the full retracement from the April low to February high. Immediate resistance lies at $2.40–$2.45, while key support holds at $2.20, followed by $2.05 and $1.93.
Price structure analysis shows the breakout supported by strong buy-side volume on the 4-hour chart. XRP has broken out of an ascending triangle, and price action remains constructive as long as it holds above $2.20. A push above $2.30 could lead to a test of $2.45 in the next 24–36 hours.
In earlier updates, we highlighted XRP’s tightening structure and declining volatility as a precursor to a breakout. With today’s bullish confirmation above $2.25, the focus now turns to the $2.40–$2.45 zone as the next key resistance. A failure to hold $2.20 may lead to a retest of $2.05, but bullish conviction remains firm for now.
