- XRP maintains firm support above the 200-day moving average, signaling sustained buying pressure and reinforcing the prevailing bullish sentiment.
- The price consolidates near the point of control and 0.618 Fibonacci level, forming a strong base for potential upward movement.
- A break above $3.43 could initiate bullish continuation toward $3.66, supported by historical patterns of recovery and institutional interest.
Ripple’s XRP is showing renewed bullish strength as it continues to trade above the 200-day moving average. The price action indicates solid support near this level, suggesting that buyers are gradually regaining control after recent volatility. The sustained positioning above this critical average signals that the broader bullish outlook remains intact.
The price has been stabilizing in the value area high, which is usually considered the accumulation area, and a new investor demand. This trend is after a fall in the range of $3.43 to $3.6,6, which elicited short-term selling pressure. Nonetheless, the current period of consolidation at approximately $2.70 correlates with good technical convergence, such as the 0.618 Fibonacci retracement point and the point of control. These overlapping levels strengthen the possibility of a rebound as the volume of the market accumulates.
Institutional Interest and Market Structure
Historical trends show that XRP has consistently used the 200-day moving average as dynamic support during previous recovery phases. Each time the price dipped below this line, quick rebounds followed, confirming steady demand from larger market participants. The current structure mirrors those patterns, indicating potential accumulation driven by institutional activity. Consequently, the setup points to a favorable environment for a renewed upside rotation once buying pressure strengthens further.
Source:TradingView
The initial notable resistance is given at $3.43, which is the upper limit of the recent range and the point at which the prior breakdowns had taken place. An established close of more than this zone would initiate further momentum to the next technical target of $3.66. In addition, it is important to hold above the 200-day moving average to continue the bullish structure since breaking below it may slow down the continued advancement in the short term.
Outlook
XRP is also resilient as it remains above one of its important long-term moving averages with a building base at the important support areas. The market conditions indicate that a stage of consolidation might continue, and after that, a decisive breakout is expected to be witnessed. So long as the price does not break below the 200-day moving average, the larger bullish hypothesis can be sustained, and the price is expected to go higher to the level of the resistance of the price of $3.43 and $3.66.
