- XRP holds above $2.00 despite pullback, reinforcing key psychological support zone
- Resistance at $2.10 blocks upside, with $2.15 as the next breakout target for bulls
- RSI nearing oversold, suggesting potential bounce if bearish pressure continues to fade
XRP, showed renewed strength following a brief pullback. After dipping slightly below the $2.03 mark, XRP rebounded, breaking into an upward trajectory that touched just above $2.10 before a slight pullback, stabilizing near $2.05 at press time. This recent price behavior suggests potential profit-taking, while the broader technical outlook presents key levels.
The price has held firm above psychological support at $2.00, potentially signaling growing investor confidence. Historical support near $1.95 offers a stronger floor for long-term holders should pressure increase.
Support and Resistance Define Near-Term Path
XRP has recovered from brief dips, holding above immediate support zones. The area between $1.98 and $2.00 has repeatedly absorbed selling pressure, reinforcing it as a key demand zone. The $1.95 level remains a crucial historical support below that.
On the upside, resistance near $2.10 remains the immediate hurdle that halted the latest rally. Additional minor resistance clusters sit around $2.07 and $2.09. If bulls push through the $2.10 mark, the next target appears to be $2.15, a zone with psychological significance and alignment with previous resistance points. The 20-day EMA at $2.22 presents further significant resistance.
Related: SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity
Volume Cools, Indicators Remain Bearish
Trading volume dropped noticeably (down 29% over 24 hours to $4.97 billion), reflecting a possible cooldown phase as investors reassess direction. The volume-to-market-cap ratio sits at 4.17%, indicating moderate but slowing interest.
The Relative Strength Index (RSI) near 37.80 remains in bearish territory, although nearing the 30-mark associated with oversold conditions, which could potentially prompt a price bounce if selling pressure eases. The MACD indicator also stays negative, confirming lingering bearish momentum despite the recent rebound.
Price Forecasts Eye Volatility, Potential Upside
Analyst Egrag Crypto offered a projection suggesting significant volatility for XRP through April, potentially revisiting lows of $1.90–$1.79 before testing highs between $2.80–$3.00. Egrag anticipates a strong upside move (62–70%) following any potential final dip, suggesting the current “boredom phase” could precede a “final blastoff.
Related: XRP vs BTC: Glassnode Data Contrasts Retail vs Institutional Rally Paths
Despite mixed short-term indicators, Coincodex projections suggest a possible rise to $2.68 by year’s end, reflecting a potential gain of over 31% from current levels. Achieving this target would depend on overcoming near-term resistance and broader market conditions.
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