XRP Bulls Charge Ahead as Key Resistance at $2.3 Faces Critical Test

XRP shows renewed signs of strength, but bulls must break through $2.3 to unlock the next leg up.

XRP is showing fresh signs of upward momentum, hinting at a potential breakout. After sellers briefly pushed the price down to the $2 mark, buyers have made a strong return, bringing the price back toward the critical resistance at $2.3. If bulls can overcome this key level, XRP may be poised for a clear run toward $2.6.

The price structure is gradually shifting bullish, and a confirmed break above $2.3 would provide strong confirmation of this reversal. The formation of this potential upward movement suggests increased confidence among buyers.

Zooming out, technical patterns offer further optimism. An inverted head and shoulders formation is visible on the larger timeframe, with both shoulders firmly supported around $2. If this classic bullish setup holds, XRP may be gearing up for extended gains. A decisive push above $2.6 could even open the door for a retest of $3, provided trading volume continues to rise in sync with momentum.

Adding to the positive technical signals is the daily MACD (Moving Average Convergence Divergence), which is on the verge of a bullish crossover. This momentum indicator suggests that buyers are regaining control. Should the MACD cross be confirmed, it may mark the beginning of a sustained uptrend, potentially drawing more market participants and injecting fresh volatility into the market.

Overall, the signs are aligning. The challenge now is whether XRP can muster enough buying pressure to conquer the $2.3 resistance and maintain momentum toward higher levels.

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