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- XRP jumps 5.34% to $2.95 with volume up 65.26%, ranking among top gainers this week.
- RSI hits 83.62, signaling strong momentum but warning of a possible short-term pullback.
- Breakout above $2.50 and 200 SMA confirms bullish trend; next resistance seen at $3.84.
At the time of writing, XRP is trading at $2.95, showing a 5.34% over the past day. The volume of trading increased tremendously by 65.26% to the extent of being $11.31 billion. XRP has received additional focus from traders and analysts as it is one of the top-performing digital assets that gained 29.37% over the past seven days.
Source: CoinMarketCap
Analyst Egrag Crypto highlighted that the XRP/BTC chart possessed a mega bullish structure. The lower end of the double bottom has now been formed, confirming the earlier bullish forecasts. More often, he underlines that the candlestick seal above the 21 EMA is a significant bullish indicator.
Source: X
Nevertheless, the breakout can fully be confirmed when XRP closes above the 0.702 Fibonacci level at 0.00002468 BTC and subsequently breaks the 0.000027 BTC to create a symmetrical triangle. In case this setup is fulfilled, it may aim at 0.00004955 BTC and possibly form a bullish pennant.
Source: X
Momentum Shows Bullish Pressure
Relative Strength Index (RSI) is 83.62, which is very high compared to the normal overbought mark of 70. This type of reading suggests that the bulls are getting very strong, as well as a caution that a temporary price correction or range-bound move may be imminent.
Momentum is also reinforced using the Moving Average Convergence Divergence (MACD). The MACD line stands at 0.1582 and the signal one at 0.0822 generating a positive histogram equal to 0.0760. All of these values indicate ongoing buying pressure and the potential of further upside but the growing divergence of the MACD and signal lines indicates that the up move might be stretched.
Source: TradingView
XRP Support and Resistance
CoinCodeCap revealed that the breakout of XRP occurred at the level of $2.50 and the 200-day Simple Moving Average. The price broke out to make a gain of 20 percent at the price of $3.00. Nevertheless, the RSI nearing 80 has triggered fears of a short-term reversal. A retracement to the range of $2.50 can give a good entry price to buyers.
Source: X
The support is being observed at $2.50 and $2.00, and the resistance continues with $3.00 and up to $3.84. The fundamentals are strong with more than $400 million XRP in corporate treasuries and revived ETF interest in 2025. However, this should be taken with caution since the asset can be within a cooling process.
