XRP Price Prediction: Bulls Target $2.77 as Momentum Builds for Breakout
XRP price prediction: XRP nears $2.77 resistance as bulls eye breakout targets at $2.94 and $3.18. Can momentum sustain this rally?
Quick overview
- XRP is currently trading at $2.64, recovering over 10% this week with a market cap of $157.4 billion.
- The cryptocurrency is approaching a critical resistance level at $2.77, which will determine the future direction of its rally.
- Momentum indicators show caution as the RSI is at 74, suggesting a potential slowdown in the rally.
- A breakout above $2.77 could lead to targets of $2.94 and $3.18, while a rejection may pull XRP back to support levels around $2.53 or $2.32.
XRP (XRP/USD) is trading near $2.64, continuing its steady recovery from mid-October lows. The cryptocurrency has climbed more than 10% this week, with a market cap of $157.4 billion and a 24-hour trading volume exceeding $3.6 billion.
On technical charts, XRP is approaching a critical resistance zone around $2.77, a level that could define whether the current rally extends or cools off in the coming days.
The ascending trendline visible on the 4-hour chart remains a crucial dynamic support, keeping bulls in control. XRP’s move back above the 200-day exponential moving average (EMA) at $2.63 marks a key technical milestone, suggesting a possible trend reversal if buyers maintain pressure.
Momentum Builds as RSI Turns Overbought
Momentum indicators are beginning to flash caution. The Relative Strength Index (RSI) sits at 74, indicating the rally might temporarily lose steam.
Yet, price action remains structurally sound, forming higher highs and higher lows within a clear ascending channel.
The 50-EMA ($2.48) recently crossed above the trendline, confirming improving short-term momentum. However, a cluster of spinning top candles near $2.77 signals indecision among traders, reflecting hesitation at this critical resistance.
If XRP decisively breaks above $2.77, it could trigger a continuation toward $2.94 and $3.18, aligning with key Fibonacci retracement zones from the September decline. Conversely, a rejection at this level may pull XRP back to support near $2.53 or $2.32, where buyers could step in again.
XRP Trade Outlook: Bulls Eye Next Resistance
For traders, XRP’s setup represents a classic trend-continuation opportunity: a firm structure, momentum confirmation, and a clear breakout trigger.
Trade Considerations:
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Long Entry: Above $2.77, targeting $2.94–$3.18 with a stop below $2.53.
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Short-Term Support: $2.53 and $2.32 remain key retracement levels.
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Momentum Watch: RSI cooling from overbought could offer new entry zones.
In summary, XRP’s technical landscape leans bullish but slightly stretched. A confirmed breakout above $2.77 could mark the start of a fresh leg higher, validating renewed market confidence.
Until then, traders should expect consolidation before the next directional move unfolds.
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