XRP price eyes breakout above $2.31 after trendline breakout fuels bullish momentum
XRP trades above key moving averages as bulls test $2.31–$2.32 resistance zone for breakout.
XRP/USD is showing renewed bullish strength as the cryptocurrency breaks above a key descending trendline visible on the daily chart, sustaining momentum above $2.27. The move follows a sequence of higher lows, forming an ascending triangle that indicates accumulation by buyers.
XRP’s price structure has shifted positive on the 4-hour chart as well, with the asset consistently holding above its 200 EMA, affirming a medium-term trend reversal from neutral to bullish. While recent price action shows tight consolidation near the breakout zone, XRP remains below the $2.31–$2.32 resistance barrier that capped earlier rallies. A confirmed move above this zone could open a swift rally toward $2.48–$2.50 in the near term.
XRP price dynamics (December 2024 - April 2025) Source: TradingView.
Technical indicators favor continuation but caution remains
Momentum indicators favor a bullish outlook, but minor short-term risks remain. The 4-hour RSI stands at 58.71, comfortably above 50 but below overbought territory, suggesting healthy ongoing buying interest. Meanwhile, the MACD is positive, with the MACD line (0.0311) above the signal line (0.0266) and green histogram bars still building, confirming momentum strength.
Price structure also benefits from bullish EMA alignment, with the 20, 50, 100, and 200 EMAs now stacked to favor buyers. However, the Stochastic RSI hints at slight overbought conditions on lower timeframes, which could lead to minor pullbacks toward $2.24–$2.26 before further upside materializes.
Outlook: Watch for a breakout above $2.32
XRP is approaching a critical inflection point, with immediate resistance seen at $2.31–$2.32. A sustained breakout above this zone, ideally supported by a surge in trading volume, would validate the bullish continuation setup and expose XRP to upside targets at $2.48 and $2.50. On the flip side, a failure to hold $2.24–$2.26 support could drag price back to the $2.20–$2.16 region, where the next major buying interest lies.
As previously discussed in our April technical analysis, XRP was coiling into an ascending triangle above $2.20 with bullish EMA crossovers supporting the structure. The current breakout aligns with the bullish continuation scenario projected earlier, with $2.48–$2.50 identified as key upside targets. However, confirmation with volume remains critical to validate the breakout beyond $2.32
