XRP has bounced back after dipping to $1.94 earlier this week, now trading near $2.18. This recent recovery has sparked renewed interest as buyers attempt to regain control. With key resistance levels in sight and technical signals sending mixed messages, traders are watching closely to see if XRP can maintain its upward push in the days ahead.
XRP Rebounds to $2.18 as Bulls Test $2.20 Barrier
XRP dropped close to $1.94 earlier this week but has now climbed back to $2.18. This bounce has pushed the price above short-term resistance levels, showing signs of renewed strength. With momentum picking up and key signals turning positive, the big question is whether XRP can stay above $2.20 heading into June 26.
XRP Builds Momentum Below Resistance
XRP has seen a strong upswing after finding solid support around $1.94. On the 4-hour chart, it recently broke out of a falling wedge pattern and flipped bullish on the Supertrend near $2.04. Now, the price is hovering just under the $2.23 resistance level, which lines up with the top of the former trendline. Technical indicators suggest a possible shift in momentum—specifically, the Directional Movement Index (DMI) shows the positive trend line (+DI at 23.21) catching up to the negative trend line (-DI at 29.96). However, with the ADX at just 16.17, the overall trend strength remains weak for now.
XRP Stuck in Broad Wedge Between $1.90 and $2.33
The daily chart reveals that XRP remains confined within a broader descending wedge pattern. The upper boundary, near $2.33, stands out as a critical resistance level that could decide the next major move. Meanwhile, the lower trendline continues to provide ongoing support around the $1.90 zone, helping to keep the current structure intact for now.
Momentum Returns as XRP Recovers from $2.00
XRP has gained ground after breaking out from a period of low volatility, rising from around $1.90 to $2.18. Increased trading activity and signs of buyer strength helped fuel the move. The price continues to hold above an important support level that triggered the rebound, suggesting bulls are trying to maintain control.
Mixed Signals Suggest Pause Before Next Move
While XRP has shown some strength, momentum indicators are flashing caution. Momentum appears to be slowing, and some signals point to hesitation among traders. Despite this, several longer-term tools still lean bullish, hinting that buyers may not be done just yet, but a stronger confirmation is still needed.
Final Thoughts
XRP has made a solid recovery from its recent dip, reclaiming key levels and showing signs of renewed bullish interest. While short-term indicators suggest upward momentum, mixed signals across various timeframes point to lingering uncertainty. With major resistance still ahead near $2.18 and $2.33, the coming days will be crucial. If buyers can maintain pressure and break through these barriers, XRP could be poised for a stronger move. Until then, the market remains cautiously optimistic.
