XRP price holds steady above key support testing resistance for potential breakout
XRP price consolidates above $2.50 with bullish structure holding
XRP price today is consolidating near $2.53 after staging a strong rebound from last week’s lows. The token briefly touched $2.63 before encountering selling pressure near a long-standing supply zone, which paused the upward momentum.
Despite this pullback, XRP maintains a bullish posture, supported by higher lows and a sustained break above key resistance levels earlier in May. Traders are now eyeing $2.55 and $2.63 as near-term inflection points as the market digests recent gains.
XRP/USD price movement (May 2025) Source: TradingView.
Recovery holds above breakout levels as bulls build base
XRP’s breakout from a descending wedge has remained intact, with price forming a higher support base between $2.50 and $2.53. The 4-hour chart shows XRP above the 20-EMA at $2.49 and the 50-EMA near $2.43, with both acting as dynamic support levels. The MACD histogram has turned slightly positive again, while the RSI on shorter timeframes hovers around 54, signaling balanced sentiment.
On the daily chart, XRP remains well above the previously stubborn $2.35 and $2.45 resistance levels. Ichimoku Cloud analysis supports the bullish case, with the price trading above the cloud and a steady Tenkan-Kijun crossover active. The $2.55 zone, now the immediate resistance, has capped upside attempts, but a clean break above this area could reignite momentum toward $2.63 and the 0.618 Fibonacci level at $2.70.
Outlook hinges on $2.55 breakout as bulls eye $2.70 and $2.80
XRP's current price action sits at a technical pivot, with consolidation suggesting the market is gathering strength for its next move. If bulls manage to defend $2.49 and push past $2.55, the price may resume its ascent toward $2.70 and eventually challenge the psychological $3.00 barrier. However, a drop below $2.49 could send XRP back toward $2.43 or $2.35, invalidating the recent bullish breakout.
As discussed previously, XRP continues to demonstrate resilience above former resistance zones. The breakout structure remains valid as long as price holds above $2.45 on a daily close. Traders should watch for sustained volume above $2.55 to confirm the next leg higher, with the bullish medium-term trend still intact barring a deeper close below $2.35.
