XRP price spikes to $2.30 before reversal; momentum builds above key support at $2.20

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.