XRP Bullish Potential: Can It Break Key Resistance Levels?

• XRP’s bullish momentum hinges on breaking critical resistance levels to sustain upward trends.
• Analysts highlight strong support at $2.30 and resistance at $3 as XRP targets $2.62.
• Ripple’s RLUSD approval fuels optimism, boosting XRP’s long-term market outlook.

XRP, Ripple’s native cryptocurrency, is trading near $2.30 as it navigates key support and resistance levels. Analysts EGRAG recently emphasized this price point as a critical bullish indicator. According to their post, if XRP closes above $2.62 on the 3-day candle, it could trigger a significant upward move.

Currently, XRP faces resistance at $2.90 to $3, where selling pressure has consistently limited further gains. On the lower end, strong support is present near $2, which has been tested multiple times. This creates a trading range between $2.20 and $2.70, with recent price movements showing limited activity outside this zone. However, breaking below $2 could lead to further downside, with $1.90 identified as the next potential support level.

Earlier, a breakout at $2.35 had shown promise, but the price slipped below this level, invalidating the pattern. For the bullish trend to regain momentum, XRP must hold the immediate support near $2.30. Analysts note that a move above $2.62 could set the stage for a run toward $3, a critical psychological and technical resistance.

The optimism surrounding XRP is fueled by Ripple’s approval of RLUSD, which analysts believe could serve as a catalyst for growth. This development has added to the cryptocurrency’s positive outlook, with investors closely monitoring its potential impact on market dynamics.

There are also strategic advantages that help XRP remain strong. The future of XRP looks bright based purely on its standing virtues. Ripple has been enhancing its ideas and interfaces constantly to make the right place in the cryptocurrency community. These efforts are believed to be poised for XRP, especially as market dynamics change in the future.

Despite the pullback, XRP retains its potential for a bullish phase. Analysts are keeping a close eye on key levels, with $2.62 identified as the next significant target. If XRP can surpass this resistance, it may pave the way for a broader upward trend, with $3 as the next milestone.

At the time of writing, XRP was valued at $2.30, a decrease of 2.19% in the last 24 hours, with a market capitalization of $131.45 billion and a daily trading volume of $20.77 billion. While the market waits for the next direction, the community concentrates on the maintenance of XRP’s bullish structure.