XRP CLIMBS OVER MAJOR MOVING AVERAGE, SIGNALING A STRENGTHENING RECOVERY
XRP has shown a noticeable recovery after slipping to recent lows, with new technical data indicating that the cryptocurrency may be stabilizing in the short term. According to market analysis, XRP is now trading above a key hourly moving average, a level often watched by traders to identify momentum shifts.
A Look Back at XRP’s Recent Price Movement
Over the past sessions, XRP—like many major digital assets—experienced downward pressure, dropping below an important support area. This decline was in line with broader market weakness, which affected both large-cap and mid-cap cryptocurrencies.
$75M INFLOWS MARK END OF 5-DAY OUTFLOW STREAK FOR BITCOIN SPOT ETFS
However, after forming a fresh low, XRP began to build a recovery wave. The shift started when the price broke above a bearish trend line on the hourly chart, a technical signal that suggests selling momentum was losing strength.
Break Above Trend Line Signals Improving Momentum
Analysts report that XRP not only cleared the bearish trend line but also moved above several short-term resistance levels. The cryptocurrency reclaimed key Fibonacci retracement points from its previous decline, suggesting that buyers were stepping back into the market.
Since the breakout, XRP has remained supported by the hourly moving average—a positive sign that the market may be transitioning from a bearish phase to a more neutral or slightly bullish one.
What Could Happen Next? Resistance Levels to Watch
If the upward move continues, XRP is expected to face several resistance barriers. The first challenge lies in the immediate resistance zone, which has previously stopped upward attempts.
DOGECOIN REBOUNDS OFF $0.15; DOUBLE BOTTOM SIGNALS POTENTIAL RALLY
A clear close above the main resistance pivot could strengthen the recovery and push the price toward higher resistance levels. Each of these areas may create hurdles because sellers often become more active when prices approach previous highs.
However, if XRP fails to break through this major resistance zone, the recovery could lose momentum.
Downside Risks: Where Support Levels Sit
On the downside, the analysis highlights a few important support levels:
Initial support sits near recent intraday lows.
Major support lies closer to the recent swing low—an area that previously helped the price reverse.
A break and close below this major support could send XRP toward older support zones, signaling a deeper pullback. Traders often watch these levels closely to assess whether the recovery remains valid.
Technical Indicators Turn Positive
Technical indicators support the idea of early bullish momentum:
The hourly MACD is displaying positive momentum, suggesting that buying interest has picked up.
The RSI on the hourly chart has moved above the neutral 50 level, reflecting improving strength among buyers.
Together, these indicators point to a market that is attempting to stabilize after recent losses.
What does this mean for traders and investors?
XRP’s recent price action suggests a cautious but improving outlook. The break above the hourly moving average and trend line shows that buyers are gaining confidence. Still, major resistance levels remain strong obstacles that must be cleared before a more convincing rally can begin.
For now, short-term price direction will likely be guided by:
- How XRP reacts at immediate resistance.
- Whether support zones continue to hold.
- Broader market sentiment and macro trends.
As always, traders may want to approach the market with a balanced strategy, considering both potential upside opportunities and downside risks.