XRP News Today: XRP Holds Key $2.64 Support Amid Bullish Technical Outlook

XRP has remained above the crucial $2.64 support level, a key confluence of technical indicators including the 0.618 Fibonacci retracement and the 50-day moving average. This structural support has been reinforced by consistent higher highs and higher lows, signaling a continuation of bullish momentum [1]. The price action demonstrates a well-defined market structure that supports further upward movement, with traders closely monitoring the level for signs of strength or a potential break [2].

The current consolidation pattern suggests that liquidity is building in the $2.64 area, increasing the likelihood of a bullish reaction should the price retest the level. Analysts have pointed out that the alignment of multiple technical indicators makes this zone particularly significant for traders tracking XRP’s movement [2]. The ability of the price to hold above this level reinforces the case for a continuation of the uptrend.

Looking at recent price behavior, bulls are watching the $2.83–$2.64 range as a potential floor, while bears are monitoring the $3.17–$3.32 level as a key resistance zone [3]. A slip below $2.83 could lead to a retest of $2.64, potentially marking a 12% retracement. Conversely, a breakout above $2.64 could drive the price toward the $2.80–$3.00 range [4]. The coming days will be critical in determining the strength of the bulls in holding this key support and resistance structure.

Volume remains a key metric to watch, as sustained bullish inflows are necessary to validate the momentum toward a potential new all-time high. While the technical indicators suggest a favorable setup, volume participation will ultimately determine the strength and sustainability of the move [1]. Traders and analysts are closely observing whether the current bullish structure can hold, with the possibility of XRP challenging previous resistance levels in the near future [2].

The broader crypto market is displaying mixed signals, but XRP’s technical outlook remains positive, supported by its ability to hold key levels and the accumulation of buying interest. The asset is also being watched to see whether it can benefit from a potential broader rally in crypto markets, especially as Ethereum continues to stabilize and Bitcoin remains resilient [2].

Despite the favorable technical indicators and bullish price action, it is important to note that these patterns do not guarantee a new all-time high for XRP. However, the current structure does suggest that the asset is well positioned to test and potentially break through previous resistance levels in the coming weeks [1][2].

Source:

[1] XRP price remains above $2.64 support: is a new all-time high rally next? (https://crypto.news/xrp-price-remains-above-2-64-support-is-a-new-all-time-high-rally-next/)

[2] XRP price shows bullish demand at $2.65, is a reversal to ... (https://crypto.news/xrp-price-shows-bullish-demand-at-2-65-is-a-reversal-to-3-65-ahead/)

[3] XYZVerse (XYZ), XRP & Arbitrum Devouring All Liquidity (https://coincentral.com/altcoin-season-beasts-xyzverse-xyz-xrp-arbitrum-devouring-all-liquidity/)

[4] Ripple price preparing for final rally before correction (https://www.facebook.com/groups/312497810515837/posts/1278326943932914/)