XRP Bulls Charge Toward $2.50 as Market Momentum Builds

Ripple’s XRP is riding a wave of bullish sentiment, with traders setting sights on the $2.50 mark—a price point that seemed laughable during last year’s regulatory circus.

Market dynamics shift like desert winds, but today’s traders are betting the house on green candles. Technical indicators scream upside, while ’hold’ memes flood crypto Twitter like cheap stablecoins.

Will this rally stick? Only time—and maybe a few well-timed Elon Musk tweets—will tell. Meanwhile, Wall Street still can’t decide if crypto’s the future or just a very expensive Ponzi scheme.

XRP Price Eyes More Gains

XRP price remained supported above the $0.2320 level and started a fresh increase, following Bitcoin and Ethereum. There was a move above the $0.2350 and $0.2365 resistance levels.

The price even surpassed the $0.240 resistance. There was a break above a key rising channel with resistance at $2.450 on the hourly chart of the XRP/USD pair. The bulls pushed the price toward the $0.250 level. A high was formed at $0.2479 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward MOVE from the $2.3360 swing low to the $2.4796 high.

The price is now trading above $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance NEAR the $2.480 level. The first major resistance is near the $2.50 level.

The next resistance is $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.80.

Are Dips Limited?

If XRP fails to clear the $2.50 resistance zone, it could start another decline. Initial support on the downside is near the $2.450 level. The next major support is near the $2.40 level and the 50% Fib retracement level of the upward move from the $2.3360 swing low to the $2.4796 high.

If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.3250 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.450 and $2.420.

Major Resistance Levels – $2.480 and $2.50.