XRP is approaching a critical breakout level as price action continues to tighten within a narrowing range. The asset is now trading near $2.25, showing signs of strength after recovering from a brief dip to $2.21 on June 3.
The last 48 hours have seen XRP forming a symmetrical triangle between the support level of $2.22 and the resistance level of $2.28. Both bulls and bears are on standby since the market is forming a symbol of consolidation in lower timeframes. Pressure is slowly growing in the market, and technical indicators show that a breakout might soon happen.
On the 4-hour chart, Bollinger Bands are close together, which suggests less volatility and often precedes a major price movement. Lately, the $2.22 level has withstood testing by buyers, and sellers have been protecting the $2.28 area, so there is an obvious boundary for prices to move either way.
Source: Tradingview
Currently, the short-term picture supports the bulls as the 53.0 level on the 30-minute Relative Strength Index indicates the trend is moving in a bullish direction. Also, the MACD histogram is leveling at zero, making the Ichimoku Cloud base a short-term support zone. With Stoch RSI climbing from oversold levels, buyers are actively trying to take over.
Source: Tradingview
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Critical Levels Set the Stage for XRP’s Next Move
A confirmed breakout above $2.28 would likely trigger a rally toward the next resistance at $2.45. If momentum continues, XRP may revisit the key $2.57 level, which has capped previous upside moves. This zone aligns with the 50 percent Fibonacci retracement level from the broader rally.
A failure to stay above $2.28 or another break below $2.22 might shift the market’s mood. If the first support at $2.20 fails, the next could lie at $2.15 and $2.11, and the decline could continue down to $2.03 or possibly $1.96. The 200 EMA that appears on the 4-hour chart at $2.11 also gives extra significance to that level.
Source: Tradingview
At present, the price of XRP looks like it will soon break out. A range between $2.22 and $2.30 could set in motion the next trend in Bitcoin. Since prices have reached this area, many traders are keeping a close eye on it because a breakthrough could bring a lot of volatility.
Bulls are working hard for a break above $2.30, which XRP is probing at this time. Since volatility is narrowing and key indicators suggest an improvement, investors are now waiting for a big move outside the current range.
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