XRP is holding above important support levels after several weeks of steady increases, but continues to face resistance below the $2.65 mark. Although struggling to break higher, price action remains constructive and traders are closely following signs of a breakout. The market seems to be preparing for a decisive move, with both buyers and sellers awaiting confirmation. Some analysts believe that XRP is on the brink of a significant price increase, especially as the overall market sentiment improves and Bitcoin stabilizes above important psychological levels. Leading cryptocurrency analyst Ali Martinez has reinforced this view by sharing a technical analysis highlighting a bullish setup emerging on the lower time frames of XRP. A key indicator on the 1-hour chart has flashed several buy signals, often associated with local bottoms and short-term recoveries. This setup indicates underlying growth momentum and reinforces the bullish outlook, at least in the short term. If the buyers can surpass the resistance level of $2.65, XRP could open the door for a price increase towards previous highs. Currently, the focus remains on whether this technical signal will translate into a breakout or if further consolidation is needed before the next major move. XRP builds momentum on lower time frames XRP is showing impressive recovery potential and remains one of the standout performing coins in the current market cycle. After a price increase of over 50% from the lows in April, XRP has slightly pulled back from a recent local high of nearly $2.80, but continues to trade above key support levels. This pullback appears healthy considering the scale of the recent move and momentum remains strong with buyers, at least for now. Market sentiment surrounding XRP is divided. Some analysts are calling for the start of a new bull phase, with expectations of significant gains driven by new altcoin strength and institutional interest. However, others warn that the current price action could be a temporary recovery in the broader downtrend and caution that failing to reclaim higher resistance levels could lead to a sharp correction. Despite the divided outlook, technical signals are trending bullish in the short term. Martinez shared an update revealing that the TD Sequential indicator has printed multiple buy signals on the hourly chart of XRP. This tool is often used to identify trend reversal points or trend continuation, and in this case, it suggests that XRP may be preparing for another price increase.
If the bulls can reclaim the $2.80 level and surpass the recent highs, XRP may continue its upward momentum and test key resistance levels around $3.00 and above. Currently, all eyes are on how the price reacts to short-term signals—particularly the buying zone identified by TD Sequential—that could determine the next move in this critical phase of the XRP market structure. Price Analysis: Check the main support level after the strong price increase. XRP is currently consolidating around the level of $2.35 after a strong price surge earlier this month that pushed the price up to a high of nearly $2.80. The chart shows that after reaching that local peak, XRP has retraced but remains above the 200-day EMA ($2.04) and the 200-day SMA ($2.18), both of which are currently acting as dynamic support areas.
This pullback appears to be part of a healthy correction after a strong rally, and the structure still supports the bulls as long as XRP holds above $2.20. Price action shows a potential base forming around the $2.35 region, with decreasing volatility suggesting the market may be preparing for the next move. The volume has slightly decreased since the peak, indicating a temporary exhaustion of buyers, but the lack of strong selling pressure suggests that most market participants are holding during the consolidation process. Breaking through the range of $2.60–$2.65 could open the door to retest the resistance level of $2.80 and potentially break through.