📊 XRP Eyes Breakout as Bulls Regain Momentum
After rebounding from $2.22, XRP is now trading at $2.34, showing signs of strength following weeks of consolidation. The key level to watch? $2.42—a resistance that’s held firm through several retests.
📉 Indicators Show Neutral Bias
The RSI sits just above 50, suggesting neither strong bullish nor bearish momentum. Meanwhile, the MACD is flattening after a bearish crossover, hinting at potential trend reversal. With volume holding steady, a decisive move could be imminent.
🔍 Why $2.42 Matters
This resistance isn’t just psychological—it’s technical. Multiple candle rejections mark $2.42 as a key breakout point. If XRP can close above it, $2.60 may be next. But a rejection could push the price back toward $2.20–$2.25.
📈 On-chain Data Backs the Bulls
Daily active addresses remain strong, pointing to ongoing user interest
Social volume spikes have historically preceded price rallies
Exchange inflows on May 9 suggest smart money accumulation or profit-taking setups
With community engagement high and technicals aligning, XRP may be poised for a breakout above $2.42 in the coming sessions.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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