XRP Eyes Major Rebound as Key Technical Indicators Align

XRP is showing signs of a bullish reversal as it holds firmly above the 200-day Exponential Moving Average (EMA), a historically strong dynamic support level. After retesting this crucial black-line indicator on the chart, XRP demonstrated resilience by bouncing and maintaining its position above the psychological $2.00 mark. This level has now become a key support zone, suggesting a shift in sentiment.

The recent formation of a higher low after testing the $1.94 support level further signals a potential trend reversal. Buyers appear to be regaining confidence, and XRP's candlestick patterns reflect growing upward pressure, even as volume remains moderate. Notably, green candles have seen slight volume increases, hinting at an accumulation phase.

If buying momentum continues, XRP may soon challenge the next resistance levels at $2.28 and $2.37—previously support zones that could now trigger a breakout if surpassed. A successful move beyond these levels may open the path toward $2.60 and beyond, especially if volume continues to build.

The Relative Strength Index (RSI) is also rising, approaching the neutral 50 line after exiting oversold territory. This reinforces the growing bullish momentum and suggests a more balanced market. Combined with increasing volume, bullish candlestick patterns, and strong support at the 200 EMA, XRP appears primed for a significant move.

As global market conditions stabilize and interest returns, XRP could be on the verge of a major rebound. Traders and investors should keep a close eye on resistance levels and volume dynamics to confirm the next leg of its potential rally.