XRP price spikes to $2.30 before reversal; momentum builds above key support at $2.20
2025-07-01 11:38:26
Main Idea
XRP's price surged to $2.30 before reversing, but maintains bullish momentum above key support levels, with technical indicators suggesting potential for further gains.
Key Points
1. XRP briefly spiked to $2.30, breaking above 50, 100, and 200-day EMAs, before reversing, but remains stable at $2.20 with a 1.37% daily gain.
2. The Relative Strength Index (RSI) improved to 51.44, indicating a shift from neutral-to-bearish sentiment to a more bullish outlook.
3. XRP has consolidated above $2.00 since April, with recent price action suggesting strengthening support and potential for continued upside momentum.
4. The 200-day EMA has held as long-term support since early Q2, reinforcing the bullish case if XRP remains above $2.20.
5. A sustained break above $2.30 could signal further bullish momentum, though liquidity and resistance levels remain key factors.
Description
XRP is currently trading at $2.20, up 1.37% in the last 24 hours, following a volatile week that saw the token briefly surge to $2.30 before reversing course. The move marked a rare breakout above three major exponential moving averages (EMAs), with a sharp increase in volume suggesting strong buying interest. Although the rally was short-lived, technical indicators now show signs of growing bullish momentum as XRP stabilises above its structural support. XRP consolidates above $2.00 as support ...
Latest News
- Bitcoin’s (BTC) three-month rally slows, are investors betting on this new crypto?2025-07-05 19:06:21
- Ripple (XRP) price declines as investors bet on this new crypto coin for 53x ROI2025-07-05 17:16:39
- Crypto dips after Fed Powell remain mute on rate cuts, but this altcoin remains strong2025-07-05 16:03:01
- Where will MUTM price be in 2026? expert forecasts to 20302025-07-05 15:38:26
- MUTM crypto: long-term price prediction & why it’s a top contender in 20252025-07-05 14:15:20