XRP Price Watch: Bulls Focus as XRP Heads Towards Breakout Target Above 2.20 USD

XRP is trading at $2.18 at 5 PM Eastern Time, with a total market capitalization of $128 billion and a 24-hour trading volume of $1.77 billion. The price action has fluctuated within a tight daily range from $2.14 to $2.189, signaling cautious optimism amid macro and micro market fluctuations. On the 1-hour chart, XRP is showing a short-term recovery after the recent decline, gradually rising from $2,124 to $2.18. An increase in bullish candles with higher lows indicates that buyers are entering, especially from rising volumes near lower prices—indicating an accumulation of institutional participants or experienced traders. The key pullback entry zone is located between $2.16 and $2,165. This microstructure reflects a bullish setup that requires confirmation to extend the rally further.

Zooming out on the 4-hour chart, XRP appears to be stabilizing after recovering from a support level near $2.08. Currently, it is trading within a narrow range around $2.15 to $2.18, supported by a notable spike in volume during the recent dip, indicating strategic accumulation. The emerging mini ascending triangle pattern could favor the buyers, provided there is a breakout above the resistance of $2.185 to $2.19, supported by significant volume. A successful move could push the price to the immediate target of $2.22, followed by the potential level of $2.30.

From a broader daily chart perspective, XRP has shown a distinct downtrend since peaking at $2.656, with a recent recovery from $2.10. Volume trends remain weak during this sideways phase, limiting the upward momentum. Support has been confirmed twice around the $2.08–$2.10 level, while resistance currently exists between $2.30–$2.35, where multiple rejections have occurred. The structure resembles a bearish flag unless buyers decisively push the price above $2.30.

On the oscillating front, the sentiment is mixed. The relative strength index at 41.31 indicates neutral momentum, while the Stochastic oscillation at 24.41 also supports the neutral stance. However, the commodity channel index is at −135.43, signaling a potential upside opportunity from oversold conditions. The momentum indicator at −0.11576 also gives a positive outlook, while the (MACD) diverging moving average at −0.03152 is trending downwards. The average directional index (ADX 14) at 17.95 and the Awesome oscillation at −0.11999 remains neutral, highlighting the indecisiveness in the current price momentum. As for the (MA) moving average, all short-to-medium-term indicators—from the (EMA 10) exponential moving average at $2.23772 to the (SMA 100) simple moving average at $2.25650—are flashing bearish signals. This reflects persistent negative pressure, which is confirmed by the higher timeframe averages. Notably, only the 200 EMA at $2.07677 suggests that things may remain bullish, implying that the long-term support remains intact despite the short-term weakness. The overall picture favors extreme caution unless XRP can regain higher resistance levels with increased confidence and trading volumes. Bull's opinion If XRP breaks through the $2.19–$2.20 resistance with volume confirmation, the technical structure on all timeframes supports the continuation of the bulls. Accumulation patterns, ascending triangle formations, and favorable long-term support levels indicate the possibility of a retest of $2.30 and possibly $2.50 in the coming sessions, depending on the continued buying momentum. Bear's commentary If there is no decisive breakthrough above $2.20 and considering the prevailing sell signals on most moving averages and bearish MACD, XRP risks continuing to consolidate or decline. Failing to maintain the range of $2.14–$2.15 could force this asset to retest the support area of $2.08, with limited upside unless the overall market sentiment changes.