XRP Price Tests Key Resistance Zone After Sharp Rebound
Ripple’s native token XRP extended its recovery this week, climbing above $2.63 amid rising trading volumes and renewed institutional inflows. The asset has rebounded nearly 8% from recent lows, yet technical indicators suggest the market remains at a critical inflection point.
According to on-chain data analysts, large transactions from whale wallets have increased significantly over the past 48 hours, hinting at potential accumulation by high-net-worth investors. “We’re seeing steady inflows into XRP-focused funds and a pickup in exchange outflows, which typically signal longer-term holding behavior,” said BitXJournal digital asset strategist familiar with the data.
XRP Technical Analysis: Key Levels at $2.60 Support and $2.80 Resistance
On the daily chart, XRP is consolidating between $2.60 and $2.80, forming a short-term range following a sharp bounce from the $2.20 support zone. Price action shows buyers defending the $2.60–$2.63 area, a level that aligns with both horizontal structure and the 50-day moving average.
A decisive breakout above $2.65–$2.70 could signal renewed bullish momentum, potentially targeting $3.00 to $3.40, where the next supply zone lies. However, failure to hold the $2.60 base may invite renewed selling pressure, with downside risk extending toward $2.20.
“The structure suggests early-stage accumulation, but bulls need a clear close above $2.70 to confirm trend continuation,” noted BitXJournal technical analyst. “Until then, traders should treat the move with cautious optimism.”
XRP’s short-term trajectory depends on its ability to maintain the $2.60 pivot level while broader crypto sentiment stabilizes. Sustained volume and a clean breakout above resistance could solidify the token’s path toward retesting 2025 highs, but volatility remains the defining factor in the near term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.