XRP Gains 0.79% as Bullish Momentum Builds

XRP has shown signs of recovery after a recent decline, closing the daily session at $2.1320 with a modest gain of 0.79%. This follows a corrective structure in recent weeks, with XRP attempting to rebound from local lows. The question remains whether this is a relief bounce or the beginning of a new rally.

The current price action indicates that XRP has been in a descending correction from highs above $3.00. However, the recent stabilization around the $2.00–$2.10 area suggests potential demand stepping in. Despite the prevailing downtrend, the formation of higher lows on lower timeframes is an early sign that bulls may be gaining confidence.

Key support zones include $2.00 – $2.10, which is a strong horizontal support from recent price action and bounce zone, and $1.85 – $1.90, a deeper level that would come into play on a breakdown of $2.00. Immediate resistance to watch is at $2.30, coinciding with a prior breakdown level. A key swing zone and mid-March resistance is at $2.50 – $2.60, and a breakout above this may trigger bullish continuation.

The MACD Line (-0.0795) is below the Signal Line (-0.0649), but the gap is narrowing. The histogram is shrinking, showing that bearish momentum is weakening. A bullish crossover could occur in the next 1–2 days, adding to reversal potential. The ADR is gradually decreasing, currently around 0.03–0.04, indicating reduced volatility. This compression phase often leads to a breakout or directional push. Volume sits at 44.39M, relatively average but showing a slight uptick on green days. The lack of major spikes suggests cautious optimism rather than aggressive accumulation.

Given the current structure and indicators, the more likely scenario is that XRP holds above $2.10 and pushes toward $2.30 in the next 48 hours. A MACD bullish crossover could be the catalyst. If broken, the next target is $2.50. If support breaks, a daily close below $2.00 could invalidate this bullish bias, with the next support around $1.85–$1.90.

XRP is at a technical pivot point. With momentum indicators like MACD flattening and a series of higher lows forming, the odds are leaning toward a short-term bullish move. The setup favors a test of $2.30–$2.50 in the coming 48 hours—provided that the $2.00 support holds firmly. Traders should watch for a MACD crossover and a breakout above $2.30 for confirmation of this reversal. On the flip side, a rejection below $2.00 may indicate more downside to come. XRP could be gearing up for its next breakout phase.