XRP has shown renewed strength after rebounding from the $2 support level within the past 24 hours. The price recovery came as market tensions linked to the Middle East conflict began to ease, leading to a shift in sentiment.
After this gain, XRP quickly moved to challenge the $2.2 position, generating fresh buyer interest. As momentum gains speed, several technical indicators can now be noted to evaluate the next direction in which XRP can move.
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Buyers Defend Key $2 Support as Optimism Returns
The $2 level once again proved to be reliable support as XRP reversed from this price point after brief selling pressure. Buyers stepped in swiftly, pushing the price higher and triggering renewed interest across the market.
This reaction followed signs of calming geopolitical concerns, which helped improve traders’ risk appetite. As a result, XRP reclaimed some of its recent losses, positioning itself for another test of resistance at $2.3.
Source: Tradingview
Bullish Momentum Builds as MACD Flashes Signal
The 12-hour MACD indicator printed a bullish crossover earlier today, signaling a shift in short-term momentum. This development reflects reduced selling activity and suggests that bulls are regaining control.
In the case of purchasing power, XRP may go above the resistance of $2.3, which has been steady in the last few sessions. A price close to this price would only validate the reversal of the trend and highlight the next potential target of the dollar on the $2.6 level.
Volume during the rebound also supported the strength of the move. Traders may await long-lasting momentum to enter new positions.
Source: Tradingview
RSI Rebound Adds Confidence to Uptrend Attempt
The 4-hour RSI, which had previously dipped into oversold territory, has now made a higher high. This move reflects a growing presence of buyers, signaling that demand is increasing at current price levels.
Nevertheless, the price might experience some drawbacks during the initial breakout at the $2.3 mark. Further buyer demand and high volume will be necessary to keep the pressure upward.
The positive response of XRP to the price above the value of 2 indicates an inclination in the trend, and relief from outside forces benefits the technical conditions. The $2.3 level is the main focus of traders now, and the signals concerning momentum reflect the future cooperation of the bulls in testing it out.
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