XRP Holds Strong Above $2, Eyes Breakout Toward $3

XRP is showing renewed strength as it holds firmly above the critical $2 level and stabilizes near the 200-day EMA around $1.94. This key support zone is acting as both a technical and psychological anchor, boosting investor confidence and suggesting a potential midterm recovery. Historically, each bounce from the 200 EMA has triggered short bullish impulses, and the current setup mirrors that trend.

The price action reflects low-volatility accumulation, often a precursor to a breakout. Gradual green candles on the daily chart indicate growing momentum, supported by steady trading volume. XRP’s ability to defend $2 suggests strong buyer interest, hinting at a shift in market sentiment.

A major resistance to watch is around $2.27, aligning with the 50-day EMA. A decisive move above this could push XRP toward the descending trendline resistance near $2.60, which has capped gains since January. Breaking past this barrier may mark the end of the current consolidation and signal a bullish reacceleration toward the $3 level.

Adding to the optimism, XRP’s price is forming a falling wedge pattern—traditionally seen as a bullish signal—which may support a breakout if broader market conditions align. While macroeconomic uncertainty still looms, XRP's resilience around the $2 mark reflects bullish conviction and positions the asset well for further upside.

If XRP continues to consolidate above $2 and builds momentum toward the $2.27–$2.60 range, a new bullish phase could be underway. Investors are closely watching for a breakout that could reignite the rally and potentially push XRP back toward its previous highs.