XRP Price Rebound: Can Bulls Regain Control After 26-Day EMA Bounce?

XRP appears to be stabilizing after weeks of volatile price swings and mid-range corrections, hinting at a potential steady recovery. The cryptocurrency recently bounced off its 26-day exponential moving average (EMA), a dynamic support level often associated with trend continuation during bullish phases.

After retreating from a local high near $3.70, XRP found support around $3.00. Notably, trading volume declined during this pullback, signaling reduced selling pressure and suggesting that traders are waiting rather than exiting positions aggressively. This calm consolidation phase could pave the way for the next upward move.

The 26-day EMA bounce is particularly significant as it marks the first test of this level since XRP’s rally in mid-July that pushed the token above key moving averages. If XRP maintains support here and forms higher lows in the coming sessions, it could confirm a bullish reversal pattern.

Immediate resistance lies between $3.30 and $3.40. A decisive breakout above this zone may indicate renewed bullish momentum, opening the path toward retesting the $3.70 level and potentially extending gains beyond it.

However, failure to hold the 26-day EMA could trigger another decline, with deeper support zones around $2.60 and $2.30 coming into focus. For now, the technical setup favors cautious optimism, but confirmation will depend on sustained price action above current support levels.

This scenario places XRP in a critical position: holding the EMA could signal the continuation of its bullish trend, while losing it may prolong the consolidation phase and delay any significant breakout attempt.