- XRP flipped a multi-year resistance zone near $1.60–$1.90 into support, signaling strong bullish control on the monthly time frame.
- Weekly chart structure shows higher lows forming above the 50-week EMA, indicating sustained buying interest and trend continuation.
- Fibonacci extension levels at $4.50 and $5.40 align with XRP’s next targets if bullish momentum continues in the coming months.
XRP has reclaimed a major resistance zone on the monthly chart, now acting as support, pointing to further upside potential. Current price action and market structure indicate buyer control and renewed bullish sentiment.
XRP Flips Key Resistance into Support on the Monthly Chart
Crypto analyst CryptoBullet noted in a tweet that this flip signals a “Ready to go higher” setup. The next logical target lies between $4.50 and $5.40. These levels align with the 1.618 Fibonacci extension — a commonly referenced metric during trending markets. XRP is currently trading at around $2.30, posting a monthly gain of over 9%, supported by bullish candles with minimal upper wicks.
The monthly XRP chart shows a breakout above the $1.60–$1.90 zone, now confirmed as support. This level had previously limited gains during the 2018 and 2021 rallies. A recent strong candle close and bounce from this zone affirm that bulls are establishing a base above former resistance.
Weekly Chart Reflects Continued Bullish Momentum for XRP
XRP’s weekly chart adds further evidence of a sustained uptrend. After reaching a high near $3.50, the price corrected but held above the 50-week EMA at $1.6708. Recent action shows a rebound near the moving average, suggesting renewed buying strength and accumulation.
The structure now shows higher lows forming, which usually indicates a continuation pattern. This rebound has pushed XRP back above $2.29, with momentum indicators like the Stochastic RSI sitting in oversold territory. If upward momentum follows, a move toward the $4.50–$5.40 range could materialize before attempting higher resistance levels.
XRP’s Trading Volume and Market Structure Support Upside Continuation
As of writing, the price of XRP is $2.30, reflecting a 0.83% rise over a 24-hour span and a 6.36% increase over a week. Its 24-hour volume sits at $2.54 billion, indicative of a vibrant structure of the market. The asset’s current performance, coupled with increasing demand, suggests continued bullish momentum as XRP targets higher price levels in the coming months.
With strong technical support and defined bullish targets, XRP remains aligned with a potential rally continuation. Should the flipped support hold, market participants may watch closely as the price approaches the $4.50–$5.40 target zone.
