Kraken XRP Analysis: Bulls Target $2.60 Breakout as Momentum Builds

On Kraken exchange, XRP is demonstrating strong bullish momentum with traders closely watching the critical $2.60 resistance level. The cryptocurrency has maintained steady trading above $2.50 following a recent rebound from lows of $2.22, signaling renewed investor confidence. Technical analysis reveals that XRP has successfully reclaimed its position above the 100-hourly Simple Moving Average, establishing a solid foundation for potential upward movement. Market participants on Kraken are particularly focused on a decisive breakout above the $2.60 barrier, which could open the path for further gains toward the $2.80 target. The current price action suggests that buyers are accumulating positions in anticipation of a significant move higher. The sustained trading above key support levels indicates that the bullish sentiment is gaining strength, with institutional and retail traders alike showing increased interest in XRP's potential. As of October 18, 2025, the technical setup appears favorable for continued upward momentum, provided the cryptocurrency can maintain its current support levels and overcome the immediate resistance. The market structure on Kraken shows healthy volume patterns and increasing liquidity, which typically precedes significant price movements. Analysts are monitoring these developments closely, as a successful breach of the $2.60 level could trigger additional buying pressure and potentially lead to a new phase of price discovery for XRP.

XRP Eyes Break Above $2.60 as Bulls Target Key Resistance

XRP is demonstrating renewed bullish momentum, trading steadily above $2.50 after rebounding from a recent low of $2.22. Market participants are closely monitoring the $2.60 resistance level, with a decisive breakout potentially paving the way for further gains toward $2.80.

The cryptocurrency has reclaimed its position above the 100-hourly Simple Moving Average, establishing a foundation for upward movement. Technical indicators reveal XRP has surpassed the 61.8% Fibonacci retracement level of its previous decline from $3.05 to $1.40, signaling growing bullish control.

Key resistance levels loom at $2.66 (76.4% Fib retracement), $2.72, $2.75, and $2.80. A sustained MOVE above these thresholds could trigger additional buying interest and confirm a broader recovery phase. However, failure to breach the $2.60 barrier may expose XRP to renewed downward pressure.