XRP Price Pullback Limited – Bulls Prepare for Next Leg Higher

XRP's recent dip barely registers as bulls already position for the next surge.

Market Momentum Building

Traders ignore minor corrections, focusing instead on the bigger picture. Limited pullback signals strong underlying demand—no panic selling here.

Technical Strength Intact

Key support levels hold firm while accumulation patterns suggest institutional interest. The bulls aren't just waiting; they're loading up.

Regulatory Clarity Fuels Confidence

Recent developments remove uncertainty that previously capped upside moves. Suddenly, traditional finance's hesitation looks more like missed opportunity than caution.

Next Target Levels

Watch for breakout above recent resistance—the path looks clear for another run. Because nothing gets traditional bankers buying faster than fearing they're late to the party.

XRP Price Remains Supported for Gains

XRP price managed to stay above the $2.8320 level and started a fresh increase, beating Bitcoin and Ethereum. The price climbed above the $2.920 and $2.950 resistance levels.

The bulls even pumped the price above the $3.00 level. A high was formed at $3.0365 and the price is now correcting gains. There was a MOVE below the 23.6% Fib retracement level of the upward move from the $2.794 swing low to the $3.036 high.

Besides, there was a break below a bullish trend line with support at $2.9650 on the hourly chart of the XRP/USD pair. The price is now trading above $2.920 and the 100-hourly Simple Moving Average.

If the bulls protect the $2.920 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.980 level. The first major resistance is near the $3.00 level. A clear move above the $3.00 resistance might send the price toward the $3.0350 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150.

More Downsides?

If XRP fails to clear the $3.00 resistance zone, it could continue to move down. Initial support on the downside is near the $2.9350 level. The next major support is near the $2.920 level or the 50% Fib retracement level of the upward move from the $2.794 swing low to the $3.036 high.

If there is a downside break and a close below the $2.920 level, the price might continue to decline toward $2.860. The next major support sits near the $2.850 zone, below which the price could gain bearish momentum.

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 near the 50 level.

Major Support Levels – $2.9350 and $2.920.

Major Resistance Levels – $2.980 and $3.00.