- XRP is hovering near $2.20 after a brief dip, with bulls eyeing a breakout above $2.30 that could trigger a rally toward $2.70 or higher.
- Surging retail interest and strong network activity, driven by the upcoming Ripple futures launch, support the potential for continued bullish momentum.
XRP is teetering on the edge of a major breakout as traders closely watch the $2.30 resistance level. After reaching a high of $2.299, the token dipped below $2.20, currently trading near $2.196. While the correction has paused some momentum, technical indicators suggest the bulls may not be done yet.
XRP Price Movement: Cooling Off or Gearing Up?
XRP saw a strong surge past $2.10 and $2.12, following similar bullish moves from Bitcoin and Ethereum. However, it lost steam after peaking at $2.299 and slipped below key levels, including the 23.6% Fibonacci retracement from $2.060 to $2.299. The break beneath the hourly bullish trend line at $2.220 signaled weakening momentum, yet XRP remains above its 100-hourly Simple Moving Average, offering a cushion of support.
Short-term resistance lies at $2.224 and $2.24, with key support just below at $2.195. If bulls maintain control, breaking $2.30 could unleash a rally toward $2.35, $2.45, and even $2.50. In a more bullish scenario, analysts are eyeing $2.62 as a potential next stop.
All Eyes on $2.30: Inverse Head and Shoulders Points to a Rally
Analyst Ali Martinez points to an inverse head and shoulders pattern forming on XRP’s hourly chart since March 29. A confirmed breakout above $2.30—the neckline—could act as a springboard, potentially propelling XRP toward $2.70, then $3.00, $3.45, and possibly $3.60 if momentum builds.
Retail Confidence Surges as Network Activity Spikes
One of the most compelling signs of strength comes from the network itself. Active addresses soared 67.5% in a single day, jumping from 27,352 to over 40,000. This uptick comes just ahead of the Ripple futures debut on Coinbase, sparking excitement about a potential spot ETF and further institutional adoption.
Glassnode data and recent performance of XRP-based investment products—which have outpaced Bitcoin and Ethereum—suggest growing investor interest. The RSI at 56.59 supports bullish continuation without signaling overbought conditions, while XRP’s daily chart shows it hovering near the upper Bollinger Band.
XRP is at a technical and psychological crossroads. If it clears $2.30, the road ahead could be steep—but upward. With retail interest surging and technicals aligning, Ripple might just be preparing for its next big move.
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