XRP Primed for a Bullish Revival—Are the Bulls Back in Control?

XRP's price action hints at a potential rally—just as traders start questioning if the 'next big move' is another false alarm.

Subheader: The Setup

After months of sideways action, XRP's chart patterns suggest accumulating bullish momentum. Key resistance levels are being tested—again.

Subheader: The Catalyst

Market sentiment shifts like crypto Twitter allegiances. This time, it’s a mix of Ripple’s legal clarity and traders chasing the next altcoin pump.

Subheader: The Skeptic’s Take

Remember when ‘institutional adoption’ was going to moon everything? Yeah, neither do your bags.

Closer: If XRP breaks out, it won’t be quiet—bulls love a comeback story almost as much as they love ignoring bearish fundamentals.

XRP Price Regains Traction

XRP price started a fresh increase after it settled above the $3.250 level, beating Bitcoin and Ethereum. The price was able to climb above the $3.320 resistance level.

The bulls remained in action and the price gained pace for a MOVE above $3.450 barrier. Finally, the price tested the $3.650 zone. A high was formed at $3.660 and the price is now consolidating gains. There was a move below the $3.60 level and the 23.6% Fib retracement level of the upward move from the $2.803 swing low to the $3.660 high.

There was break below a key bullish trend line with support at $3.510 on the hourly chart of the XRP/USD pair. The price is now trading below $3.50 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance NEAR the $3.50 level. The first major resistance is near the $3.550 level. A clear move above the $3.550 resistance might send the price toward the $3.650 resistance. Any more gains might send the price toward the $3.720 resistance or even $3.80 in the near term. The next major hurdle for the bulls might be near the $4.00 zone.

Downside Correction?

If XRP fails to clear the $3.60 resistance zone, it could start another decline. Initial support on the downside is near the $3.40 level. The next major support is near the $3.350 level.

If there is a downside break and a close below the $3.350 level, the price might continue to decline toward the $3.320 support. The next major support sits near the $3.250 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 below the 50 level.

Major Support Levels – $3.350 and $3.320.

Major Resistance Levels – $3.550 and $3.660.