XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds

XRP is holding firm above the $2.38 support level after a recent pullback, suggesting that bulls may still have ￰0￱ buying pressure builds, traders are watching closely for a potential breakout that could reignite bullish momentum in the coming ￰1￱ Strength Fades After Hitting $2.52 Umair Crypto, in his latest market update, noted that XRP displayed initial strength after rebounding cleanly from the 50-day Simple Moving Average (SMA). The price managed to climb to around $2.52 with a solid close on the 4-hour chart, signaling renewed buyer interest and a potential shift in short-term ￰2￱ Reading: XRP Price Coils Below Resistance — Bulls Prepare For Possible Upside Explosion However, that early optimism was short-lived as XRP’s upward push lost steam before even reaching the 100-day ￰3￱ failure to extend higher has started to reveal some underlying weakness in the chart, with bulls struggling to sustain momentum at higher ￰4￱ emphasized that the Relative Strength Index (RSI) trendline now plays a crucial role in determining the next direction.

A confirmed breakdown below this RSI trendline could lead to another lower low, effectively continuing the current local downtrend and reinforcing bearish sentiment in the ￰5￱ now, the situation remains ￰6￱ must hold firmly above the $2.38 support level and maintain strength along the RSI trendline. However, a failure to do so could expose XRP to deeper downside risks in the short ￰7￱ Or Pause? The Decisive Moment For XRP MakroVision Research highlighted that XRP successfully halted its steep decline within the lower Golden Pocket region, between approximately $1.40 and $1.55, and has recovered as buying pressure ￰8￱ the short term, the firm noted that XRP is now approaching a key resistance range between $2.48 and $2.65.

Related Reading: XRP Charts Telling A Tale: Q4 Setup Mirrors 2017 Bullish Breakout, Time To Buy? A failure to break above this zone could lead to temporary consolidation as the market gathers momentum for its next ￰9￱ the downside, the $1.96 level remains a critical support area, as losing it could reintroduce downside ￰10￱ an upside perspective, a decisive and sustained breakout above $2.65 could open the door for further gains toward $3.06. According to MakroVision Research, only a move beyond this level would confirm renewed bullish strength and restore clear upward momentum across the broader ￰11￱ conclusion, the analyst emphasized that XRP’s precise targeting of the Golden Pocket and its swift recovery show that buyers are still active and defending key zones.

However, the next major test lies in whether the bulls can generate enough momentum to overcome the $2.65 resistance and set the stage for a broader ￰12￱ image from Peakpx, chart from ￰13￱