XRP is showing signs of renewed upward momentum after enduring weeks of weak consolidation and frequent rejections. The coin recently bounced back from the 200 EMA near $2 and is now challenging the critical 100 EMA resistance—a pivotal technical threshold that could pave the way for a rally toward $3.
The price has remained trapped in a downward channel since previously peaking at $3, consistently printing lower highs. However, the recent recovery and attempted breakout above the 100 EMA suggest growing bullish sentiment at this level, though the price continues to face resistance from the upper boundary of a triangle pattern alongside the 100 EMA.
Confluence of the 50, 100, and 200 EMAs in the $2.15–$2.22 region acts as a crucial confirmation and resistance zone. A technically confirmed breakout—marked by a close above this range with strong volume—could propel XRP to targets at $2.60 and $3.00, both being important structural and psychological benchmarks. Despite this, declining trading volume is a notable concern, as it may signal reduced conviction among market participants that could delay any sustained bullish move.
Historically, XRP has experienced sharp price increases after periods of subdued activity. The current compression near the top of its descending channel could set up for a spike in volatility. A favorable shift in sentiment could spark a rapid move toward $3, provided buying volume returns in force. Conversely, absence of such support might render this attempt another failed breakout.