high prices of XRP

XRP PRICE STRENGTHENS AROUND $2.70 WITH SUPPORT FROM 200-DAY MOVING AVERAGE

ByMolly McNearney

RIPPLE (XRP)—KEY TECHNICAL HIGHLIGHTS

  • The 200-day moving average continues to act as a major dynamic support level, showing that buyers are defending this zone.
  • The value area high structure suggests accumulation and hints at a possible upward move in the near term.
  • The 0.618 Fibonacci retracement level aligns closely with the Point of Control (POC), creating a strong technical confluence that supports the current bullish setup.

After a sharp pullback from the $3.43–$3.66 range, Ripple (XRP) has found stability around a key value area, showing signs of renewed buying interest and accumulation. In the past, XRP has displayed similar consolidation patterns before launching new upward moves. The 200-day moving average (MA)—shown by the red line on the chart—continues to act as a strong dynamic support level, with the last two retests leading to solid price rebounds.

heights of XRP

Currently, XRP appears to be forming a similar setup as it holds above this crucial support while consolidating near the point of control. If this pattern holds, growing institutional interest could help fuel the next leg higher and strengthen XRP’s emerging bullish outlook.

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XRP’s recent decline has stabilized around the $2.70 level, where the price is now consolidating within a high-volume zone on the chart. This region aligns with both the 200-day moving average and the 0.618 Fibonacci retracement levels—two historically important indicators that often serve as reversal points during bullish continuation phases.

The 200-day moving average remains a key technical pivot for XRP. As long as the price stays above this level, the bullish outlook remains intact. If it breaks below, however, traders should be cautious of a possible trend reversal. XRP’s position above the point of control (POC), along with signs of buying pressure near support, suggests that sellers are losing strength while buyers are slowly regaining control.

Looking ahead, the next upside target sits around $3.43, which represents the first major resistance zone and a previous breakdown area. A clear move above this level could reignite momentum toward $3.66, and possibly even higher levels, depending on market volume and Bitcoin’s overall direction.

WHAT TO EXPECT IN THE COMING PRICE ACTION?

XRP’s outlook remains positive as long as the price stays above the 200-day moving average, which continues to act as a key support level. The market is likely to see continued consolidation within the current range before a potential breakout. A strong close above $3.43 would signal a bullish continuation, opening the path toward higher resistance zones. However, if XRP struggles to hold its support, the price may dip slightly lower before attempting another recovery phase.

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