XRP Holds Key Support—Will Bulls Fuel the Next Rally?

XRP defies gravity—again. The embattled token clings to critical support as traders eye a potential breakout.

Bulls vs. Bears: Who Blinks First?

After weathering another storm of regulatory FUD and exchange delistings (thanks for nothing, Gary), XRP's chart shows stubborn resilience. The $0.50 zone has become a battleground—break above it, and we could see a replay of 2021's manic rally. Fail, and well... at least the 'HODL' memes write themselves.

Liquidity Hunters Circle

Whalescoops whisper about accumulation patterns mimicking Q3 2023's setup. Meanwhile, retail traders pile into perpetual swaps like it's 2017—because nothing teaches caution like getting rekt three cycles in a row.

The Bottom Line

XRP's price action remains a high-stakes poker game where the house always wins (looking at you, Ripple escrow unlocks). But for degenerates and true believers alike, this support hold offers one more shot at glory—or disaster. Choose wisely.

XRP Price Eyes Fresh Increase

XRP price started a fresh increase after it settled above the $3.350 level, beating Bitcoin and Ethereum. The price was able to climb above the $3.50 resistance level.

The bulls remained in action and the price gained pace for a MOVE above $3.550 barrier. Finally, the price tested the $3.650 zone. A high was formed at $3.660 and the price recently corrected some gains. A low was formed at $3.425 and the price is now consolidating. There was a move above the 50% Fib retracement level of the recent decline from the $3.650 swing high to the $3.425 low.

The price is now trading above $3.450 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $3.480 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance NEAR the $3.550 level or the 61.8% Fib retracement level of the recent decline from the $3.650 swing high to the $3.425 low. The first major resistance is near the $3.60 level. A clear move above the $3.60 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.

Another Drop?

If XRP fails to clear the $3.550 resistance zone, it could start another decline. Initial support on the downside is near the $3.480 level. The next major support is near the $3.420 level.

If there is a downside break and a close below the $3.420 level, the price might continue to decline toward the $3.350 support. The next major support sits near the $3.320 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 – $3.420 and $3.350.

Major Resistance Levels – $3.550 and $3.660.