XRP: Path to $2.50 Open

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6 hours ago

XRP is entering an area where it appears that there is a very clear route to growth. Eventually the asset broke through the cluster of the 50, 100 and 200 EMA levels around $2.20-$2.25 after months of consolidation under strong moving average pressure. The main technical ceiling that had previously restrained prior rally attempts has been lifted by this breakout


The market is left staring at a chart with no significant established resistance levels, between the current prices and the psychologically significant $3.00 area, as XRP is currently trading at about $2.72. Although there have been previous price pivots in the $2.80-$3.00 range, these are more theoretical than actual barriers. The kind of ingrained selling pressure that is observed at established supply zones has not yet developed at these levels due to insufficient testing. 



XRP/USDT Chart by TradingView

To put it another way, there is not much order book density to impede a continuation move if buyers arrive in good numbers. As XRP has not only reclaimed all of the EMAs but also formed a new higher low and a sustained upward thrust that has been absorbing profit-taking pressure without significant pullbacks, the price action over the past week is already suggesting that possibility.


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Currently rising above 56 and trending upward, the Relative Strength Index supports this bullish background. The RSI in this range indicates growing momentum but not yet at the extremes of "overboughtness," where exhaustion is projected. Before traders begin to worry about unsustainable froth, the momentum is accelerating, and there is still plenty of room — making this the perfect profile for continuation moves. 



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A technically sound chart, rising RSI and no actual tested resistance overhead put XRP in a potentially explosive position. The break past $2.80 may occur sooner than most anticipate if sentiment on the market as a whole improves or if XRP experiences any catalysts, such as renewed institutional flows or whale accumulation.


For traders this type of arrangement typically comes before decisive rallies, as opposed to chop. To put it briefly, XRP has run out of reasons to remain range-bound, and volume will determine what happens next. 


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