After several days of consolidation, XRP is once again catching the eye of investors. Technical signals are improving, supported by robust fundamentals. With discreet accumulation by whales and favourable macro factors, a bounce towards $2.80 appears increasingly likely.
Analysis of the hourly XRP chart reveals an encouraging technical structure with a clearly identifiable trend reversal. Moving averages are gradually converging, suggesting a possible bullish continuation if momentum maintains. The RSI is positioned in a slightly bullish neutral zone, still leaving room before reaching overbought conditions.
Buying volumes have significantly increased during the breakthrough above $2.35, confirming institutional traders’ involvement in this movement. Fibonacci levels show that XRP has recovered the 38.2% retracement. This technical zone is often considered the minimum threshold to validate the beginning of a recovery. The next target sits around $2.55, corresponding to the 50% retracement level.
However, several signals call for caution. The $2.45-2.50 zone historically concentrates numerous sell orders, creating a significant resistance. Order books display a substantial sell wall at these levels, which could sharply slow down the current progression. Experienced traders are also monitoring the correlation with Bitcoin, whose movements generally influence the entire altcoin market.
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Beyond technical analysis, several fundamental elements could influence XRP’s trajectory in the coming weeks. The growing adoption of RippleNet by financial institutions for cross-border payments continues to strengthen the cryptocurrency’s real-world use case. Recently announced strategic partnerships with Asian banks inject a dose of calculated optimism among long-term investors.
The overall crypto market sentiment also plays a decisive role. Bitcoin’s current consolidation around its major support levels directly impacts the dynamics of altcoins like XRP. A confirmed recovery of BTC could serve as a catalyst for a breakout beyond current resistances. Conversely, a sharp Bitcoin correction would mechanically drag XRP in its wake.
Regulatory developments remain a major risk factor and opportunity for Ripple. Savvy investors are closely following the evolution of the American legal framework regarding cryptocurrencies, knowing that positive clarifications could trigger a significant rally. The prudent strategy consists of positioning stop losses below the $2.30 level to protect against a sudden reversal.
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