XRP Price Skyrockets Before Cooling Off – Are Bulls Gearing Up for Another Rally?

XRP just pulled off a classic crypto rollercoaster—violent surge, sharp correction, and now traders are eyeing the charts for the next big move.

Will the bulls charge back in or was this just another dead-cat bounce?

Subheader: The Pump Before the Dump

XRP ripped double-digit gains in a matter of hours, triggering liquidations across leveraged positions. Then, like clockwork, profit-takers swooped in—because nothing makes crypto traders happier than selling the top and buying the dip.

Subheader: Technicals Hint at Round Two

The RSI cooled from overbought territory, exchange reserves dipped (fewer coins up for grabs), and funding rates normalized. Textbook setup for another leg up—if Bitcoin doesn’t decide to ruin the party, as it often does.

Subheader: The Elephant in the Room

Let’s be real—half the ‘bullish volume’ was probably just a few whales playing ping-pong with their own bags. But hey, in crypto, perception is reality until the liquidity vanishes.

Closing Thought: If history repeats, XRP’s next move could be explosive. Just don’t be the one left holding the bag when Wall Street’s algo traders decide to ‘rebalance’ their crypto exposure—again.

XRP Price Regains Traction

XRP price formed a base above the $2.120 level and started a fresh increase, beating Bitcoin and Ethereum. The price was able to climb above the $2.180 and $2.20 resistance levels.

The pair even surged above the $2.30 level. A high was formed at $2.327 and the price is now correcting gains. There was a MOVE below the $2.280 level. It dipped below the 50% Fib retracement level of the upward move from the $2.165 swing low to the $2.327 high.

The price is now trading above $2.180 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. It is close to the 76.4% Fib retracement level of the upward move from the $2.165 swing low to the $2.327 high.

On the upside, the price might face resistance near the $2.280 level. The first major resistance is near the $2.30 level. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance.

Any more gains might send the price toward the $2.40 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50.

Fresh Decline?

If XRP fails to clear the $2.280 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level.

If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.120 zone.

Technical Indicators

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

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

Major Support Levels – $2.220 and $2.20.

Major Resistance Levels – $2.280 and $2.320.