XRP Price Shows Bullish Signs as It Holds Above Key Support
XRP’s price is gaining bullish momentum. it’s staying above the 200-day moving average. This level acts as a strong support.The price is near the point of control and a Fibonacci zone. these factors suggest a possible rebound to higher levels.
Key points:
- The 200-day moving average is a major support.
- Accumulation is forming near the value area high.
- A break above $3.43 could lead to $3.66 and higher.
After a drop from $3.43–$3.66, XRP has stabilized. this indicates buyer interest. Historically, XRP builds a base before moving up. The 200-day moving average has been reliable support. Past retests led to strong rallies.
The current setup suggests a similar opportunity.XRP is respecting this level while consolidating. The question is if institutional demand can fuel the next move higher.
XRP’s recent pullback found support near $2.70.This area aligns with the 200-day moving average and Fibonacci level. These levels often trigger reversals during bullish phases.
XRP has a pattern of forming bases near key moving averages. Each dip below the 200-day MA led to rapid recoveries.The present formation suggests XRP could be preparing for another move higher.
The 200-day moving average is the key pivot. As long as XRP holds above this level, the bullish trend is valid. Below it, the trend may weaken. The current positioning above the point of control implies sellers are weakening.
Price targets include $3.43, the first resistance. A reclaim of this area could lead to $3.66 and higher. XRP remains bullish as long as it holds above the 200-day moving average. A close above $3.43 would confirm bullish continuation.
