- XRP holds above $2.10 and tests the 21-week EMA, signaling a potential trend reversal if it closes above $2.25 this week.
- Price action rebounds from strong Fibonacci support near $1.96 as bulls target breakout levels at $2.51 and $2.60 in the coming days.
- With moderate volume and historical resistance overhead, XRP must break the 21 EMA to regain bullish momentum and avoid retracement.
XRP is now trading just above the critical $2.10 resistance and the 21-week Exponential Moving Average (EMA), signaling potential bullish momentum. The current weekly candle, which opened at $2.1170 and reached a high of $2.1778, is testing major resistance zones.
If XRP closes the week with a full-body candle above $2.10, and notably $2.25, this may confirm that the bottom was reached on April 7. Moreover, this move would suggest the end of the recent bearish phase. However, failure to secure these conditions could invite renewed market uncertainty. Besides, historical patterns such as the 2013 China crypto mining bans may resurface in narratives, pressuring market sentiment further.
21-Week EMA Continues to Dominate
Currently, the yellow 21-week EMA trends slightly downward, staying above the price. This confirms a lingering bearish tone in the market. XRP fell below the 21 EMA in early April and has since been consolidating. However, price action shows signs of recovery. From a solid support area between $1.75 and $1.96, there was a recovery. The Fibonacci 1.000 level at $1.96282, which served as a launchpad for a small bullish candle recently, is located in this zone.
Additionally, deeper support levels remain intact. The 0.888 Fibonacci level at $1.58290 provides a backup floor, while the 0.786 level at $1.30128 marks broader retracement support. These levels form the safety net if the current upside attempt fails.
Targets and Resistance Levels Ahead
To the upside, XRP faces immediate resistance at $2.10, which previously acted as a short-term ceiling. Beyond that, targets lie at $2.51 and $2.60. These price zones represent key breakout levels from earlier bullish moves. Hence, a decisive close above $2.25 may unlock these targets.
Moreover, long-term Fibonacci extensions suggest possible resistance at $2.69993 (1.166) and $3.30959 (1.272). These align with past peak levels before the recent downtrend. Volume for the week stands at 2.45 million, showing moderate participation during this consolidation phase.
