XRP Price Analysis: Key Resistance Levels to Watch
The XRP price faces a crucial test at the 200-day SMA resistance level of $2.36. Breaking this barrier could pave the way toward the $3 target, according to market analysts. Historical patterns show significant rallies following similar breakouts.
Historical Context and Current Outlook
When XRP surpassed the 200-day SMA in November 2024, its price surged 430% within weeks. This historical precedent suggests the current resistance level may prove equally pivotal for XRP‘s price trajectory.
Technical Indicators Favor Bulls
Crypto analyst CasiTrades identifies several bullish signals, including higher lows and the $2.25 support level holding firm. The convergence of the 50-day and 100-day SMAs further strengthens the case for upward momentum.
XRP/BTC Pair Shows Strength
The XRP/BTC pairing recently broke its multi-month downtrend, while the RSI displays bullish divergence. These technical developments indicate weakening selling pressure and growing buyer interest.
Critical Levels Ahead
Analyst Mikybull Crypto highlights 0.000022 as the key resistance for XRP/BTC. A confirmed breakout here could validate the bullish scenario and potentially drive XRP beyond $3, matching earlier projections of 70% gains from current levels.
