Over the past week, XRP’s price has remained range-bound, even as the broader crypto market tries to recover. But signs now point to a shift in sentiment—one that could push XRP higher.
📊 Futures Market Turns Bullish on XRP
A clear bullish tilt is emerging in the XRP futures market. The long/short ratio has climbed to 1.07, meaning there are now more long positions (bets on rising prices) than short ones.
This shift shows growing trader confidence. A long/short ratio above 1 typically signals positive sentiment, suggesting XRP could break out of its narrow trading range.
🔄 RSI Signals Growing Buying Pressure
Adding to the bullish outlook, XRP’s Relative Strength Index (RSI) has been climbing steadily. Now at 50.77, the RSI sits above the neutral zone and continues trending upward.
The RSI tracks whether an asset is overbought or oversold. A reading between 50 and 70 suggests growing demand without nearing extreme conditions. In this case, XRP is gaining momentum without yet triggering a correction.
🚀 XRP Eyes $2.29 as Bulls Challenge Resistance
Currently trading at $2.13, XRP is just 3% shy of its next resistance level at $2.18. If bulls can flip that resistance into support, a move toward $2.29 is possible.
However, if buying pressure weakens, the altcoin could fall back toward the $2.03 support or even dip to $1.99.
🧠 Final Thoughts: XRP’s Outlook This Week
Momentum indicators and trader behavior suggest that XRP is building strength. A breakout above $2.18 could validate the current bullish setup.
Still, much depends on short-term demand. If bulls stay in control, XRP may be heading for a new leg up.
