- XRP nears key resistance levels at $2.20, $2.30, and $2.65 amid growing momentum
- Analysts see potential $17.50 breakout based on repeating EMA-based price patterns
- Strong bounce from $1.90 support signals bullish impulse and possible wave-three rally
XRP is back on traders’ radars as it steadily climbs toward major resistance zones, fueled by renewed investor confidence.
As of press time price sits at $2.19, with a trading volume of over $2.4 billion in the past 24 hours. A 1.41% gain over the past week adds weight to the argument that bullish momentum is building.
Look at Technical Structure and Key Levels
EGRAG CRYPTO, a popular analyst in the XRP community, highlights an overlooked but powerful pattern. By analyzing past price surges relative to the Exponential Moving Average (EMA), he sees a repeating structure that supports a projected target of $17.50.
These calculations stem from XRP’s historic percentage moves in previous market cycles. The analysis emphasizes that the current upward push could be the early stages of a much larger breakout if similar momentum plays out again.
In the shorter term, XRP is approaching several critical resistance levels. According to EGRAG, the coin must achieve daily closes above $2.20, $2.30, and eventually $2.65 to confirm sustained bullish momentum.
Related: XRP Faces Crucial Price Test: Will $1.87 Hold or Break?
Failure to break these levels may result in pullbacks to retest zones such as $2.08 or $1.90. Holding above $2.04 is crucial to avoid a bearish shift in sentiment. These price levels form the battlefield where bulls and bears will decide the next trend.
Why Is the Recent Bounce From Support Significant?
Adding to the optimistic outlook, CasiTrades provides a compelling case for continued strength. Recently, XRP dipped to $1.908, just above the $1.90 Fibonacci retracement.
Related: XRP Price Struggles Near $2.02 as Bulls Fail to Reclaim EMA Resistance
The market responded with immediate buying pressure, suggesting strong interest from bulls. This bounce coincided with the end of a consolidation pattern, which often precedes powerful breakouts.
According to CasiTrades, the price structure forming off this bounce looks impulsive rather than corrective. This implies that a wave-three move could be underway a phase often associated with the strongest gains in a trend cycle. If XRP holds above the $2.145 support level, momentum could accelerate quickly.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
