- XRP support holds at $2.05–$2.11, forming a base for a possible 305% breakout to $9.631.
- Analysts identify key resistance at $2.59 and $2.94; breakout above $2.71 may confirm bullish trend.
- Despite mixed indicators, XRP stays in an ascending channel, suggesting upside momentum is intact.
XRP is currently trading at $2.24 after showing a stable recovery from the $2.0607 low. Recent market data and technical analysis suggest that XRP may have formed strong support between $2.05 and $2.11. Analysts are now monitoring this base for a potential breakout that could target $9.631 in a projected 305% upside move.
Price Action Builds Above Support Zone
According to analysis prepared by BitGuru via X, XRP bounced strongly from the $2.0607 low and reached a short-term high of $2.3378. The price has since pulled back, currently testing support around $2.22. Analysts view this level as critical, as maintaining strength here could signal a continuation of the broader bullish trend.
On the daily chart, XRP remains in a symmetrical triangle pattern, which has formed since January. The structure shows prolonged consolidation, with support now firming at $2.09 and resistance near $2.59. Technical analysts suggest that a move above $2.35 could lead to short-term targets at $2.44 and $2.60.
The Moving Average Convergence Divergence (MACD) remains near the zero line, while the Awesome Oscillator displays mild bearish momentum. Despite these mixed signals, XRP is still trading inside an ascending channel on the four-hour chart, with price currently near the lower trendline.
Breakout Levels and Target Zone Identified
According to an observation by Master Ananda on TradingView, a bullish breakout could send XRP above key resistance levels at $2.71 and $3.019. The analyst suggests this could push the altcoin toward a near-term target of $4.5, with Fibonacci projections indicating a longer-term target of $6.29 and possibly $9.631.
Support appears to be set between $2.11 and $2.05, with key resistance zones identified at $2.59 and $2.94. Funding rates are also rising, which may pressure short-term prices if not matched by volume. However, analysts remain focused on the broader uptrend structure.
