Kraken Watch: XRP Bulls Battle for Control After Volatile Surge

XRP experienced a sharp price surge, briefly surpassing $2.35 before retracing to below $2.30. The cryptocurrency now faces a pivotal moment as bulls attempt to defend the $2.240 support level while eyeing a breakout above the $2.288 resistance. Market activity indicates XRP outperformed both Bitcoin and Ethereum during its upward move, though strong bearish pressure emerged near the $2.35 zone. The breakdown of a bullish trend line at $2.2650 suggests potential consolidation ahead. Traders are closely watching for a decisive move above resistance that could reignite bullish momentum toward the $2.35 target.

XRP Price Pops and Drops — Can Bulls Regain Control?

XRP surged past $2.250, testing $2.35 before retreating below $2.30. The cryptocurrency now faces critical support at $2.240, with resistance looming NEAR $2.288. A decisive break above could reignite bullish momentum toward $2.35.

Market activity shows XRP outperforming Bitcoin and ethereum during its ascent, though bears defended the $2.350 zone aggressively. The breakdown of a bullish trend line at $2.2650 signals potential consolidation before the next directional move.

Traders watch the 100-hourly Simple Moving Average as a key indicator. The 50% Fibonacci retracement level from $2.205 to $2.353 now serves as a battleground between buyers and sellers.

Bitcoin Holds Key Support as Bulls Target $109,200 Breakout

Bitcoin demonstrates resilience above the $107,500 support level, with bullish momentum building for a potential push toward $109,200. The cryptocurrency rebounded from a $107,650 low, reclaiming ground above both the $108,500 level and the 100-hour moving average.

Technical indicators show a critical juncture at $109,050, where a bearish trendline converges with the 76.4% Fibonacci retracement level. A decisive close above $109,200 could catalyze fresh upward momentum, potentially testing the psychologically significant $110,000 threshold.

The recovery follows Bitcoin's rejection near $110,000 earlier this week, with Kraken exchange data revealing strong buying interest during the dip. Market structure suggests accumulation at current levels, though traders remain cautious until clear breakout confirmation emerges.