XRP Eyes Breakout as It Approaches Key Resistance at $2.13

XRP is approaching a pivotal moment as it nears the 26-day Exponential Moving Average (EMA), a historically strong resistance level near $2.13. After rebounding from recent lows around $1.96, XRP has gained momentum and is now trading around $2.10, steadily climbing toward a possible breakout from its long-standing descending wedge pattern.

The 26 EMA has repeatedly rejected XRP’s upward moves in the past, marking it as a critical technical barrier. A decisive close above this level could signal a bullish shift, with the next resistance likely around $2.20. A continued rally could even push XRP to retest the wedge’s upper boundary near $2.40.

While the volume remains subdued compared to the early April spike, XRP’s Relative Strength Index (RSI) is rising but still below overbought levels—indicating room for further gains. The convergence of the 50 and 100 EMAs also points to a potential trend reversal, further supporting bullish sentiment.

Should XRP convert the 26 EMA into solid support, it may accelerate toward higher price targets. However, failure to breach this zone could lead to another period of consolidation, potentially pulling the price back toward the 200 EMA at $1.96.

As Bitcoin and Ethereum regain upward momentum, XRP may benefit from broader market strength. Traders and investors should watch for a confirmed breakout above $2.13 to validate bullish continuation.