While the broader crypto market experiences weakness, XRP is demonstrating notable resilience. Its price is holding firm at major support levels, suggesting underlying strength and a potential upside continuation.
Unlike many altcoins suffering deeper retracements, Ripple (XRP) has only seen a shallow pullback. This relative strength across technical metrics indicates that buyers are still in control.
Key Technical Points for XRP
Currently, the price action is anchored at a strong confluence of support. This creates a solid foundation for the next potential leg up.
- Strong Support: The key level to watch is $2.64. This price represents the value area high, reinforced by major moving averages.
- Resistance Targets: The immediate upside target is $3.55. A decisive break above this could propel XRP toward new all-time highs.
- Bullish Structure: The chart shows consecutive higher lows, a classic sign of a healthy uptrend with strong continuation potential.
The Path to New All-Time Highs
XRP’s consolidation above the $2.64 support cluster is a very bullish sign. A decisive candle close above the $3.55 resistance level would be a major event. This would likely accelerate momentum, opening the door for a rally into uncharted territory and confirming the bullish cycle is still intact.
Institutional Tailwinds
This technical strength is bolstered by fundamental news. Major Spanish bank BBVA recently partnered with Ripple to offer Bitcoin and Ethereum custody services. This growing institutional alignment provides a strong backdrop for XRP’s price action.
What to Expect Next
In the coming days and weeks, watch the $2.64 level closely. As long as XRP holds above this support, the probability of an upward move remains high. A break and sustained close above $3.55 would confirm bullish strength and could trigger the next major rally.
