XRP is at a crucial technical crossroads that could determine its medium-term direction. A clear break of current levels could pave the way for a strong bullish rebound, or conversely trigger a new downward trend.
Currently, the XRP price sits around $2.86, trapped between two major technical resistances. On one side, there’s a bearish trendline active since early September, and on the other, the 100-day exponential moving average (EMA100). These two benchmarks have constrained XRP in recent weeks, forming a veritable “war zone” between bulls and bears.
A clean break of this technical structure would be interpreted as a strong signal of trend reversal. Investors and traders should closely monitor the market’s reaction at this crucial level.
Since August, the EMA100 has played a central pivot role for XRP, repeatedly rejecting upward attempts. A daily close above this moving average, combined with a break of the dominant bearish trend, would validate a shift in market behavior.
This “double resistance” configuration generates strong concentrated interest from both buyers and sellers. Volume, often overlooked yet fundamental, reveals a notable decrease in participation since the July peak above $3.70. This indicates hesitation and uncertainty from market participants.
In case of a confirmed breakout above the $3.00 zone, XRP could trigger a rapid catch-up dynamic toward $3.20 and potentially $3.40. However, volume must accompany the movement to validate this bullish push.
Conversely, the inability to break through current resistances could trigger a decline toward the long-term 200-day moving average (EMA200), currently situated around $2.61. A break of this support would expose XRP to a deeper pullback toward $2.40, or even lower.
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Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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