XRP Builds Strong Support at $2, Eyes Breakout Toward $2.60

XRP is showing signs of stabilization, with the $2 price level forming a solid support zone. Currently trading at $2.24, the asset sits above its 200-day exponential moving average (EMA), which lies at $2.09—a level that has historically acted as a reliable floor during bullish phases. The 200 EMA is more than just a technical marker; it's a key indicator for long-term investors looking to assess trend strength and potential reversals.

In early June, bears attempted to push XRP below this critical level multiple times but failed, leading to renewed buying interest. As a result, XRP bounced back and reclaimed its position above the 50-day and 100-day EMAs, which are clustered between $2.25 and $2.26. This rebound further strengthens the bullish case, suggesting investor confidence in the current price structure.

The Relative Strength Index (RSI) remains in neutral territory, signaling that XRP is neither overbought nor oversold. Meanwhile, volume has stayed relatively steady, supporting the idea that the market is in a consolidation phase rather than experiencing volatility spikes.

This steady behavior above the 200 EMA suggests that the $2 level is transforming from psychological to structural support. For investors, this significantly shifts the risk-reward balance. As long as XRP holds above the $2.09–$2.10 zone, the likelihood of a downward breakdown diminishes, while the probability of an upward move toward the next resistance level around $2.60 increases. This setup positions XRP for potential bullish momentum in the near term, making it one to watch closely.