XRP Price Stabilizes Above Key Support, Hints at Possible Bullish Reversal

XRP is showing signs of a potential bullish reversal as it holds firm within the $3.10–$3.20 range after a sharp correction from highs above $3.60. The cryptocurrency has stabilized above the 20-day exponential moving average (EMA), with recent daily candles signaling strong support from buyers. Key technical indicators reinforce this bullish sentiment: XRP continues to trade above its 50-day and 100-day EMAs, while the 200-day EMA remains far below the current price, confirming a broader uptrend.

The Relative Strength Index (RSI) is currently at 61, cooling off from overbought levels and suggesting room for further upward movement without risk of overheating. Volume has decreased since the recent surge, a typical pattern following high-volatility moves. However, the lack of significant selling pressure during this consolidation phase indicates the pullback may have been a pause rather than the start of a broader decline.

For bulls, a breakout above the $3.30 resistance with renewed volume could trigger a continuation of the current bullish structure. Meanwhile, bears remain on the defensive, having failed to push the asset below the critical $3 psychological support level.

Overall, XRP’s current price action suggests it is at a decisive point. The combination of strong technical support, stabilizing indicators, and reduced selling pressure supports the possibility of another upward leg. While it’s premature to confirm a breakout, sustained momentum above the current range could quickly invalidate bearish expectations and reignite bullish sentiment in the market.